Confirmation Bias and the 7 Sins of Lazy Thinking - [Cognitive Biases pt. 3]
7 ways we are wired to be really dumb + How to become rational
Today's episode covers 7 perception and decision-based cognitive biases that cloud our judgement.
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Confirmation Bias and NASA
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Availability Bias and Tornadoes
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Neglect of Probability Bias and Gambling
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[Bonus] - Black vs White Swan events and how to avoid being wiped out
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Hindsight Bias and Dua Lipa
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Outcome Bias and being Right when we were Wrong
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Paradox of Choice Bias and the depressing nature of optionality
• How the Time Discounting Bias causes Climate Change
Give it a listen and unmuddy the waters of your mind to become a more rational and clearer thinker.
Further reading:
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Thinking Fast and Slow - Daniel Kahneman - UK Book (amzn.to/3XqlRoz) - US Book (amzn.to/3XtUUAt)
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Predictably Irrational - Dan Ariely - UK Book (amzn.to/3XMcgJd) - US Book (amzn.to/45wCDob)
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Chapters
00:00 The Confirmation Bias
04:13 The Availability Bias
07:07 The Neglect of Probability Bias
09:11 Black Swan vs. White Swan Events
10:59 The Hindsight Bias
13:46 The Outcome Bias
16:10 The Paradox of Choice Bias
18:52 The Time Discounting Bias
21:06 Becoming More Rational Thinkers
22:06 Wrap Up
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