Psychology of Human Misjudgement - Charlie Munger

The Most Eye Opening 45 Minutes Of Your Life — Charlie Munger's Legendary Speech

Rationality is moral ability. https://www.youtube.com/watch?v=-WIMDG6Gd6I 

 

The book "The Art of Clear Thinking" goes in depth with a-lot of the misjudgments he talks about in this video. 

The Psychology of Human Misjudgement - Charlie Munger Full Speech

76,993 views Premiered July 12, 2020

Contents Charlie’s Reason for Interest in Psychology,

Bias 1: Reward and Punishment Superresponse Tendency

Bias 2: Liking/Loving Tendency

Bias 3: Disliking/Hating Tendency

Bias 4: Doubt-Avoidance Tendency

Bias 5: Inconsistency-Avoidance Tendency

Bias 6: Curiosity Tendency

Bias 7: Kantian Fairness Tendency

Bias 8: Envy/Jealousy Tendency

Bias 9: Reciprocation Tendency

Bias 10: Influence-from-Mere-Association Tendency

Bias 11: Simple, Pain-Avoiding Psychological Denial

Bias 12: Excessive Self-Regard Tendency

Bias 13: Overoptimism, Tendency

Bias 14: Deprival-Superreaction Tendency

Bias 15: Social-Proof Tendency

Bias 16: Contrast-Misreaction Tendency

Bias 17: Stress and Influence Tendency

Bias 18: Availability-Misweighing Tendency

Bias 19: Use-It-or-Lose-It Tendency

Bias 20: Drug-Misinfluence Tendency

Bias 21: Senescence-Misinfluence Tendency

Bias 22: Authority-Misinfluence Tendency

Bias 23: Twaddle Tendency

Bias 24: Reason-Respective Tendency

Bias 25: Lollapalooza Tendency

 

Transcript

Follow along using the transcript.

Here is the link to the speech Charlie Munger gave on this back in 1995 at Harvard. It's worth listening to it several times. It has helped me immensely. I have listened to it over 20 times, and each time I learn something new.https://youtu.be/Jv7sLrON7QY?si=6tL4Ntxrn1VH74wm Shengwen Calvin Li, PhD,EIC,FRSB,FRSM FedEx-Sounding Board: pay per shift rather than pay per hour.“???????????????????????? ????????????????????????????, ???????????? ???????????? ???????????? ???????? ????????????????” they told the staff.