File name: The Psychology Of Human Misjudgment Pdf
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The Psychology Of Human Misjudgment Pdf
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Free Chegg Study Trial · Save Money on Textbooks · Rent or Buy. It discusses 24 causes of human misjudgment, including the underrecognition of incentives, psychological denial, and incentive-caused bias. Munger uses examples like Federal Express . The human brain tends to overweigh the value of a fact, idea or object when it is easily available. The song lyric “When I’m not near the girl I love, I love the girl I’m near” is an example of the . 24 Standard Causes of Human Misjudgment. 1. First: Under-recognition of the power of what psychologists call ‘reinforcement’ and economists call ‘incentives.’. Well you can say, “Everybody knows that.” Well I think I’ve been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I’ve underestimated it. This speech discusses common causes of human misjudgment. [1] It describes how incentives and reinforcement have more power over human behavior than most people recognize. [2] Psychological denial, where people distort reality to make it more bearable, is another common bias. [3]. THE PSYCHOLOGY OF HUMAN MISJUDGMENT - Free download as PDF File .pdf), Text File .txt) or read online for free. By Charlie Munger (Warren Buffett's partner at Berkshire Hathaway). Speech at Harvard Law School ().
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