rogermunibond Posted April 27, 2012 Posted April 27, 2012 Ubuy - yes very much agree with you. My one caveat is that many of the simpler decisions we make in day to day life are the system I kind. And by and large fast thinking serves us well there. But with our modern complex and more numerate world, system I fails us.
Spekulatius Posted April 26, 2018 Posted April 26, 2018 I listened to this book as an audiobook during my long weekend commutes. I think it is a fantastic read (or listen) abdndurectoy applicable to investing as well, even though it is mostly about how the human mind works. I highly recommend this book!
boilermaker75 Posted April 26, 2018 Posted April 26, 2018 I listened to this book as an audiobook during my long weekend commutes. I think it is a fantastic read (or listen) abdndurectoy applicable to investing as well, even though it is mostly about how the human mind works. I highly recommend this book! It has been a while since I read it. It was great; I need to read it again. Maybe I will get the Kindle version this time so it is easy to generate notes.
Liberty Posted June 28, 2018 Author Posted June 28, 2018 https://www.standard.co.uk/lifestyle/london-life/the-thought-father-nobel-prize-winning-psychologist-daniel-kahneman-on-luck-9199162.html As for Kahneman’s million-selling 2011 book, Thinking, Fast and Slow — the distillation of his life’s work, dedicated to Tversky, who died in 1996 — well, we count ourselves lucky that he wrote it at all. “I hated every minute of writing it and I didn’t like it when it was finished,” he complains. “So its success has been a great surprise to me.”
Liberty Posted July 1, 2018 Author Posted July 1, 2018 Looks like there's a new book on the works: https://www.thebookseller.com/news/william-collins-scoops-kahnemans-book-7-figure-pre-empt-752276
DooDiligence Posted July 1, 2018 Posted July 1, 2018 "A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth." This statement couldn't be more relevant in todays political environment.
Spekulatius Posted July 2, 2018 Posted July 2, 2018 "A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth." This statement couldn't be more relevant in todays political environment. This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well.
Liberty Posted July 2, 2018 Author Posted July 2, 2018 "A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth." This statement couldn't be more relevant in todays political environment. This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well. Or read Trump's Twitter.
Jurgis Posted July 2, 2018 Posted July 2, 2018 "A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth." This statement couldn't be more relevant in todays political environment. This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well. Happens in investment discussions too... Not always consciously ...
DooDiligence Posted July 4, 2018 Posted July 4, 2018 "A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth." This statement couldn't be more relevant in todays political environment. This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well. Happens in investment discussions too... Not always consciously ... I say Berkshire entirely too often.
Jurgis Posted August 7, 2018 Posted August 7, 2018 Another article about biases and de-biasing: https://www.theatlantic.com/magazine/archive/2018/09/cognitive-bias/565775/ Kahneman again. Tetlock again. But also Nisbett (who I haven't seen mentioned before) and some good links and pointers.
Cigarbutt Posted August 7, 2018 Posted August 7, 2018 Another article about biases and de-biasing: https://www.theatlantic.com/magazine/archive/2018/09/cognitive-bias/565775/ Kahneman again. Tetlock again. But also Nisbett (who I haven't seen mentioned before) and some good links and pointers. Since you seem to have a significant attachment to the halo effect, you may be interested in: https://deepblue.lib.umich.edu/bitstream/handle/2027.42/92158/TheHaloEffect.pdf?sequence=1&isAllowed=y "When considering the establishment of rules concerning blind review, conflict of interest, nepotism, and the like, it would therefore seem advisable to consider more than the possibility that some individuals in the system may be venal and corrupt. The protestations of even the most virtuous and disinterested participants that they are capable of independent judgments should be considered suspect." Beware of the venal and the virtuous?
Jurgis Posted August 7, 2018 Posted August 7, 2018 Since you seem to have a significant attachment to the halo effect, you may be interested in: https://deepblue.lib.umich.edu/bitstream/handle/2027.42/92158/TheHaloEffect.pdf?sequence=1&isAllowed=y Two different videotaped interviews were staged with the same individual—a college instructor who spoke English with a European accent. In one of the interviews the instructor was warm and friendly, in the other, cold and distant. The subjects who saw the warm instructor rated his appearance, mannerisms, and accent as appealing, whereas those who saw the cold instructor rated these attributes as irritating These results indicate that global evaluations of a person can induce altered evaluations of the person's attributes, even when there is sufficient information to allow for independent assessments of them. Now I know why people don't like my couture. 8)
boilermaker75 Posted June 22, 2020 Posted June 22, 2020 Kindle version on sale today for $4.99 https://smile.amazon.com/Daniel-Kahneman/e/B001ILFNQG/ref=dp_byline_cont_ebooks_1
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