The most Influential Biases on your Decision-Making:
1. Illusion of Skill - We regularly confuse luck with skill because we solely focus on outcomes.
2. Recency Bias - We tend to put too much weight on recent events.
3. Anchoring - Our judgment is heavily screwed by the first…
1. Illusion of Skill - We regularly confuse luck with skill because we solely focus on outcomes.
2. Recency Bias - We tend to put too much weight on recent events.
3. Anchoring - Our judgment is heavily screwed by the first…
Since many asked for more on biases and psychological misjudgment.
Here's a free PDF of Charlie Munger's Harvard Speech "The Psychology of Human Misjudgment"
danielmnke.com
Here's a free PDF of Charlie Munger's Harvard Speech "The Psychology of Human Misjudgment"
danielmnke.com
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