Collection: Charlie Munger

Charlie Munger on Bias from Reciprocation Tendency. | Harvard University 1995【C:C.M Ep.76】

Charlie Munger on Bias from Reciprocation Tende...

    [Transcript] CHARLIE MUNGER: Seventh. Bias from reciprocation tendency, including the tendency of one on a roll to act as other persons expect. Well here, again, Cialdini does a magnificent...

Charlie Munger on Bias from Reciprocation Tende...

    [Transcript] CHARLIE MUNGER: Seventh. Bias from reciprocation tendency, including the tendency of one on a roll to act as other persons expect. Well here, again, Cialdini does a magnificent...

Charlie Munger on Bias from Pavlovian Association. | Harvard University 1995【C:C.M Ep.75】

Charlie Munger on Bias from Pavlovian Associati...

    [Transcript] CHARLIE MUNGER: Sixth. Bias from Pavlovian association, misconstruing past correlation as a reliable basis for decision-making. I never took a course in psychology, or economics either for that...

Charlie Munger on Bias from Pavlovian Associati...

    [Transcript] CHARLIE MUNGER: Sixth. Bias from Pavlovian association, misconstruing past correlation as a reliable basis for decision-making. I never took a course in psychology, or economics either for that...

Charlie Munger on Human Mind is a lot like Human Egg. | Harvard University 1995【C:C.M Ep.74】

Charlie Munger on Human Mind is a lot like Huma...

      [Transcript] CHARLIE MUNGER: Fourth, and this is a superpower in error-causing psychological tendency, bias from consistency and commitment tendency, including the tendency to avoid or promptly resolve cognitive...

Charlie Munger on Human Mind is a lot like Huma...

      [Transcript] CHARLIE MUNGER: Fourth, and this is a superpower in error-causing psychological tendency, bias from consistency and commitment tendency, including the tendency to avoid or promptly resolve cognitive...

Charlie Munger on Incentive-Cause Bias. | Harvard University 1995【C:C.M Ep.73】

Charlie Munger on Incentive-Cause Bias. | Harva...

  [Transcript] CHARLIE MUNGER: Third. Incentive-cause bias, both in one’s own mind and that of one’s trusted advisor, where it creates what economists call agency costs. Here, my early experience was...

Charlie Munger on Incentive-Cause Bias. | Harva...

  [Transcript] CHARLIE MUNGER: Third. Incentive-cause bias, both in one’s own mind and that of one’s trusted advisor, where it creates what economists call agency costs. Here, my early experience was...

Charlie Munger on Psychological Denial. | Harvard University 1995【C:C.M Ep.72】

Charlie Munger on Psychological Denial. | Harva...

  [Transcript] CHARLIE MUNGER: My second factor is simple psychological denial. This first really hit me between the eyes when a friend of our family had a super-athlete, super-student son who...

Charlie Munger on Psychological Denial. | Harva...

  [Transcript] CHARLIE MUNGER: My second factor is simple psychological denial. This first really hit me between the eyes when a friend of our family had a super-athlete, super-student son who...

Charlie Munger: First Standard Causes of Human Misjudgment. | Harvard University 1995【C:C.M Ep.71】

Charlie Munger: First Standard Causes of Human ...

  [Transcript] CHARLIE MUNGER: 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...

Charlie Munger: First Standard Causes of Human ...

  [Transcript] CHARLIE MUNGER: 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...