Table of contents
Child pages
Related pages
- 1995 - Charlie Munger - The Psychology of Human Misjudgment
- Later, updated version: Charlie Munger - The Psychology of Human Misjudgement
- TODO: Summarize his explanations and examples.
- List of the common causes of human misjudgment:
- Under-recognition of the power of what psychologists call “reinforcement” and economists call “incentives” / Reward and punishment superresponse tendency
- Simple psychological denial
- Incentive-cause bias
- Bias from consistency and commitment tendency
- Bias from Pavlovian association
- Bias from reciprocation tendency
- Bias from over-influence by social proof
- Better to be roughly right than precisely wrong
- Bias from contrast-caused distortions of sensation, perception and cognition
- Bias from over-influence by authority
- Bias from deprival super-reaction syndrome
- Bias from envy/jealousy
- Bias from chemical dependency
- Bias from mis-gambling compulsion
- Bias from liking distortion
- Bias from the non-mathematical nature of the human brain
- Bias from over-influence by extra-vivid evidence
- Mental confusion caused by information not arrayed in the mind
- Other normal limitations of sensation, memory, cognition and knowledge
- Stress-induced mental changes
- Other common mental illnesses and declines
- Mental and organizational confusion from say-something syndrome
Books