This is part three of a short series outlining the 22 cognitive biases Charlie Munger talked about in his now famous speech, The Psychology of Human Judgement. Q3 hedge fund letters, conference, scoops etc Parts one and two contain a brief introduction and biases’ one through 12. In this part of the series, I cover Munger’s cognitive biases 13 through 21. Charlie Munger’s 22 Cognitive Biases [Pt. 1] Munger’s Cognitive Biases [Pt. 2] 13. Bias from chemical dependency Depending on drink or drugs can influence your decisions in an extremely negative way. Munger says this dependency just aggravates other human misjudgments….
On This Page
- 13. Bias from chemical dependency
- 14. Bias from mis-gambling compulsion
- 15. Bias from liking distortion
- 16. Bias from the non-mathematical nature of the human brain
- 17. Bias from over-influence by extra-vivid evidence
- 18. Bias caused by mental confusion
- 19. Other normal limitations of sensation, memory, cognition, and knowledge
- 20. Stress-induced mental changes
- 21. Other common mental illnesses and declines, temporary and permanent
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