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Bias from self-interest

Bias from Self-Interest — Self Deception and Denial to Reduce Pain or Increase Pleasure

Our desire to feel good about ourselves permeates everything we do. Wanting to maintain a positive self-image often leads us to adopt a biased image of the world. If we want to learn to align …

Continue readingBias from Self-Interest — Self Deception and Denial to Reduce Pain or Increase Pleasure

Cognitive Dissonance and Change Blindness

“Their judgment was based more on wishful thinking than on a sound calculation of probabilities; for the usual thing among men is that when they want something they will, without any reflection, leave …

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Charlie Munger: How I Would Teach Business School

Everyone has an opinion on what to teach at business school. However, few are as qualified as the legendary Charlie Munger, the billionaire business partner of Warren Buffett at Berkshire Hathaway. …

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17 Management Lessons from Ray Dalio

Ray Dalio, the sixty-one-year-old founder of Bridewater Associates, the world’s biggest hedge fund, offers the following management advice. Dalio says “Taken together, these principles are meant to …

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A Simple Checklist to Improve Decisions

We owe thanks to the publishing industry. Their ability to take a concept and fill an entire category with a shotgun approach is the reason that more people are talking about biases. Unfortunately, …

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Hindsight Bias: Why You’re Not As Smart As You Think You Are

Hindsight bias occurs when we look backward in time and see events are more predictable than they were at the time a decision was made. This bias, also known as the “knew-it-all-along …

Continue readingHindsight Bias: Why You’re Not As Smart As You Think You Are

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