Nathan Wailes - Blog - GitHub - LinkedIn - Patreon - Reddit - Stack Overflow - Twitter - YouTube
Strategy / Decision-making / Thinking
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
It's on some US Marines reading list. It looks pretty good.