About Michael J. Mauboussin | Michael J. Mauboussin is an investment strategist and adjunct professor at Columbia Business School. Michael is the author of Think Twice: Harnessing the Power of Counterintuition and More Than You Know: Finding Financial Wisdom in Unconventional Places-Updated and Expanded, which was named one of “The 100 Best Business Books of All Time” by 800-CEO-READ, one of the best business books by BusinessWeek (2006) and best economics book by strategy+business (2006). He is also co-author, with Alfred Rappaport, of Expectations Investing: Reading Stock Prices for Better Returns. His most recent book is The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing.https://www.michaelmauboussin.com/
Decision making is an inherently social exercise. Here, Michael Mauboussin details three shocking psychological studies that reveal just how another’s action or opinion can profoundly change your own.
“Greater skill doesn’t decrease the dependence on luck, it increases it. If you have an interest in sports, business, or investing, this lesson is for you.”