The line between success and failure is often thin. A significant thing that you can do to place yourself on the proper side of this line is to increase the standard of your knowledge, and use strong solutions to solve problems.
Early Artificial Intelligence (AI) researchers realized that the issue with their computer programs was that that they had no real expertise in the areas where these were solving problems, and they also had to depend on very general strategies, or weak ways of problem solving.
On the other hand, strong options for problem solving require specific understanding of a topic. Essentially, the more you understand, the better you are in solving problems.
The most crucial sort of knowledge that you may use to resolve problems is what psychologists call causal knowledge. Causal knowledge is what you have to answer fully the question "why?" It’s the basis of people’s expertise. For instance, you pay a mechanic to repair your vehicle, because mechanics know how cars work.
Unfortunately, despite the fact that causal knowledge is vital for solving new problems, the standard of your knowledge might not be as good as you imagine it is. People have problems with a persistent illusion of explanatory depth. That’s, we think that we understand what sort of world works much better than we do.
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There are many explanations why our causal knowledge is poor.
1. Deciding on the "high-level view." We often make an effort to get the "high-level view" of how things work instead of really trying to comprehend the details. Unfortunately, this info often grow to be important. Just ask the individuals who signed off on (and purchased) complex mortgage-backed financial instruments without focusing on how they worked.
2. Using meaningless jargon. We frequently have words whose meanings we hardly understand that paper over gaps inside our knowledge. I once attended a corporate meeting as a consultant of which an executive encouraged his team to streamline their business practices. Everyone nodded in agreement, but later that day it became clear that nobody was sure what it designed to streamline the business. The term created an illusion of comprehension in the group.
3. Only thinking about the first-level explanation. Our explanations are nested like Russian dolls. If you’ve ever spent time with a five-year-old, you have observed this nesting. The kid asks you why something works. You answer, plus they ask why again…and again…We believe our causal knowledge is preferable to it really is, because we only consider that first-level explanation, and neglect to keep asking ourselves why when checking to see if we understand something. Lots of people in the financial industry could supply the basic description of what sort of structured financial instruments worked, however they cannot explain their details.
Ultimately, if you need to cure this illusion of explanatory depth, you will need to have a lesson from education. Any teacher knows that the surest way to ensure that you realize something is to instruct it to another person. The procedure of trying to instruct something reveals each of the gaps and limitations in your knowledge.
Rather than looking forward to the opportunity to instruct it to another person, though, you will need to figure out how to teach it to yourself. Which means that once you encounter new information, it isn’t enough to have the executive summary. It is advisable to make yourself in charge of the facts, because those details can be important later if you want to use that knowledge to accomplish something.