30 cognitive biases & psychological misjudgments - part 1 (Do YOU Know thyself?)

Whether we know it or not, we all have biases in our thinking. Want to know how to recognize them and even benefit from them? You can, as you are taking a big step towards increased self-awareness by learning about them and how to minimize their potential downsides, so thanks for checking out this video, hopefully, you enjoy what you see. In the future, there may be individual videos covering each section but for now, we went with a concise overview.

*There is a correction that needs to be made at (00:47) where Epictetus is mistakenly quoted. The quote is actually from Kevin Vost from his book on Stoicism. I apologize for the misattribution and am not able to edit it out due to malfunctions in the YouTube editor that cause the entire audio to become out of alignment.

Whether we know it or not, we all have biases in our thinking. Want to know how to recognize them and even benefit from them? You can, as you are taking a big step towards increased self-awareness by learning about them and how to minimize their potential downsides, so thanks for checking out this video, hopefully, you enjoy what you see. In the future, there may be individual videos covering each section but for now, we went with a concise overview.

*There is a correction that needs to be made at (00:47) where Epictetus is mistakenly quoted. The quote is actually from Kevin Vost from his book on Stoicism. I apologize for the misattribution and am not able to edit it out due to malfunctions in the YouTube editor that cause the entire audio to become out of alignment.

Watch PART 2 here:
https://youtu.be/d9_8JmuhFYA

#cognitivebias #bias #cognitivebiases #misjudgement #reason #psychology #charliemunger #wisdom #tendencies #influence

Topics Covered in part 1:
1.) Fairytale dreams tendency aka excessive optimism bias
2.) Pathway to perdition tendency aka excessive pessimism bias
3.) Reward and punishment conditioning tendency
4.) Bias from mere association
5.) Self-interest and incentive bias
6.) Overly optimistic self-serving tendency
7.) Self-deception and pain-avoiding denial
8.) Inconsistency-avoidance tendency
9.) Deprival bias
10.) Do-nothing syndrome
11.) Tendency of impatience
12.) Envy or Jealousy tendency
13.) Compare, contrast, and anchoring misreaction tendency
14.) Vivid or recent availability bias
15.) Unavailability bias

Whether we know it or not, we all have biases in our thinking. Want to know how to recognize them and even benefit from them? You can, as you are taking a big step towards increased self-awareness by learning about them and how to minimize their potential downsides, so thanks for checking out this video, hopefully, you enjoy what you see. In the future, there may be individual videos covering each section but for now, we went with a concise overview.

*There is a correction that needs to be made at (00:47) where Epictetus is mistakenly quoted. The quote is actually from Kevin Vost from his book on Stoicism. I apologize for the misattribution and am not able to edit it out due to malfunctions in the YouTube editor that cause the entire audio to become out of alignment.

Watch PART 2 here:
https://youtu.be/d9_8JmuhFYA

#cognitivebias #bias #cognitivebiases #misjudgement #reason #psychology #charliemunger #wisdom #tendencies #influence

Topics Covered in part 1:
1.) Fairytale dreams tendency aka excessive optimism bias
2.) Pathway to perdition tendency aka excessive pessimism bias
3.) Reward and punishment conditioning tendency
4.) Bias from mere association
5.) Self-interest and incentive bias
6.) Overly optimistic self-serving tendency
7.) Self-deception and pain-avoiding denial
8.) Inconsistency-avoidance tendency
9.) Deprival bias
10.) Do-nothing syndrome
11.) Tendency of impatience
12.) Envy or Jealousy tendency
13.) Compare, contrast, and anchoring misreaction tendency
14.) Vivid or recent availability bias
15.) Unavailability bias

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If you feel that you need more in-depth information I encourage you to pick up some of the books mentioned below. The creativity of this video was augmented with a good amount of research from some very high-quality sources most of which are tied to the insights of Charles Munger. These resources and references and also recommended reading are listed below in approximate order of relevance.

Bibliography & recommendations:
(Creativity was used in the naming of the biases, actual biases were drawn from resources below)

Seeking Wisdom - https://amzn.to/3ccKuue

Poor Charlie’s Almanack - https://amzn.to/2K3TVjH

Influence - https://amzn.to/3b6PSyR

https://yourbias.is/

Decision-Making Blueprint - https://amzn.to/2Ve3TW5

https://en.wikipedia.org/wiki/Social_proof

The Psychology Book (Big Ideas) - https://amzn.to/2wDRHEm

How To Win Friends And Influence People - https://amzn.to/3bqu7tO

Thinking, Fast and Slow - https://amzn.to/2xQvxiK

https://en.wikipedia.org/wiki/Milgram_experiment

https://en.wikipedia.org/wiki/Heuristic

https://www.courageouschristianfather.com/before-you-speak-think-acronym/

https://www.brainyquote.com/authors/epictetus-quotes

https://psychology.wikia.org/wiki/Emotional_bias

https://www.azquotes.com/author/4528-Epictetus

https://en.wikipedia.org/wiki/Hormesis

https://en.wikipedia.org/wiki/Synergy

https://www.investopedia.com/terms/e/endowment-effect.asp

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