The Psychology of Human Misjudgment | 25 Cognitive Biases | Charlie Munger x Harvard University

Описание: The Psychology of Human Misjudgment by Charlie Munger; also known as the "25 Cognitive Biases."

➫ Charlie Munger, the billionaire investor and friend of Warren Buffett, originally presented this to lecture to MBA programs and value investors alike, to improve investment decision-making. However, this information is highly applicable for general personal use, educators, etc.

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25 Causes of Cognitive Bias:

1. Reward and Punishment Tendency (2:30)
2. Simple, Pain-Avoiding Psychological Denial (5:45)
3. Disliking/Hating Tendency (6:34)
4. Doubt Avoidance Tendency (9:55)
5. Influence-from-Mere Association Tendency (12:07)
6. Reciprocation Tendency (19:27)
7. Social-Proof Tendency (22:40)
8. Inconsistency Avoidance Tendency (26:00)
9. Contrast-Misreaction Tendency (26:23)
10. Authority-Misinfluence Tendency (29:51)
11. Deprival Superreaction Tendency (31:27)
12. Envy/Jealousy Tendency (34:37)
13. Drug-Misinfluence Tendency (35:28)
14. Mis-gambling Compulsion (35:51)
15. Liking/Loving Tendency and Disliking/Hating Tendency (38:13)
16. Availability-Misweighing Tendency (41:52)
17. Stress-Influence Tendency (49:23)
18. Reason-Respecting Tendency (50:25)
19. Use-It-or-Lose-It Tendency (52:47)
20. Stress-Influence Tendency (52:55)
21. Senescence-Misinfluence Tendency (53:58)
22. Twaddle Tendency (54:04)
23. Lollapalooza Tendency — Confluences of Psychological Tendencies Acting in Favor of a Particular Outcome (55:13)
24. Benefits of this Psychological Thought System (1:00:50)
25. Special Knowledge Problems Lie Buried in the Thought System (1:07:08)

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~ Description a variation from Buffetology ~

EXTRA: Did you notice misjudgment was spelled wrong in the video? haha

Influence by Bob Cialdini https://goo.gl/51zpbb