Nov242008
The Psychology of Human Misjudgment by Charlie Munger

The Psychology of Human Misjudgment by Charlie Munger

Psychology4 Comments

The Psychology of Human Misjudgment by Charlie Munger By Charlie Munger (Warren Buffett’s partner at Berkshire Hathaway) Speech at Harvard Law School (1995) Transcription of The Psychology of Human Misjudgment, comments [in brackets] by Whitney Tilson.  Note from Joshua Kennon: I’ve written a lot about Charlie Munger over the years, especially the influence he has…

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Jan11982
Optimism Bias Cognitive Bias

Optimism Bias

Cognitive Biases

Optimism bias, sometimes referred to as unrealistic bias or comparative optimism, is a particularly powerful mental model because it causes a person to believe he or she is less likely to experience a negative event than members of the general population with statistically identical risk factors.

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