Robert Cialdini - Influence and Charlie Munger's talk on behavioral economics, patterned irrationality and such

This is an eye opener, I read until the 6^th bias and decided this entire article was worthy of mention. I claim to somethings about Charlie Munger but never knew he spent his life identifying, reading and making it his life’s work. We all do this every now and then - sincerely but not persevering(cause we are not acadmeicians) and are inconsistent without placing too much emphasis…more so like, arm-chair philosophers. Anyways, read the article at leisure, it will blow your mind J

 

Ofcourse, bias-1 was what we talked about last week. My favorite from the article, bias 5,

“If you carry bushel baskets full of money through the ghetto, and made it easy to steal, that would be a considerable human sin, because you'd be causing a lot of bad behavior, and the bad behavior would spread.”

 

http://www.loschmanagement.com/Berkshire%20Hathaway/Charlie%20munger/The%20Psychology%20of%20Human%20Misjudgement.htm