The Knowledge Project with Shane Parrish cover image

#146 Barbara Tversky: Action Shapes Thought

The Knowledge Project with Shane Parrish

Consuming Abstractions is Necessary: Learned v.s. Earned Knowledge

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  • Abstractions are necessary.
  • Consuming other people's abstractions is important.
  • Earned knowledge involves learning through experience and diving into details.
  • Decisions should consider the cost of failure.
  • When the cost of failure is low, learned knowledge is appropriate.
  • When the cost of failure is high, earned knowledge should be used.
  • Strive towards earned knowledge for higher cost decisions.

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