The Psychology of Human Misjudgment | 25 Cognitive Biases | Charlie Munger @ Harvard University

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Published on Apr 10, 2016

The Psychology of Human Misjudgment talk by Charlie Munger. Also known as Charlie Munger's 25 Cognitive Bias talk.

Charlie Munger, the billionaire investor and friend of Warren Buffett gave this to talk to high level MBA programs and value investors, to help improve their decision making in investing. However this information is highly applicable for general personal use, educators, family, and friends.

Charlie Munger's 25 Causes of Cognitive Bias:

1. Reward and Punishment Tendency (2:30)
2. Simple, Pain-Avoiding Psychological Denial (5:45)
3. Disliking/Hating Tendency (6:34)
4. Doubt Avoidance Tendency (9:55)
5. Influence-from-Mere Association Tendency (12:07)
6. Reciprocation Tendency (19:27)
7. Social-Proof Tendency (22:40)
8. Inconsistency Avoidance Tendency (26:00)
9. Contrast-Misreaction Tendency (26:23)
10. Authority-Misinfluence Tendency (29:51)
11. Deprival Superreaction Tendency (31:27)
12. Envy/Jealousy Tendency (34:37)
13. Drug-Misinfluence Tendency (35:28)
14. Mis-gambling Compulsion (35:51)
15. Liking/Loving Tendency and Disliking/Hating Tendency (38:13)
16. Availability-Misweighing Tendency (41:52)
17. Stress-Influence Tendency (49:23)
18. Reason-Respecting Tendency (50:25)
19. Use-It-or-Lose-It Tendency (52:47)
20. Stress-Influence Tendency (52:55)
21. Senescence-Misinfluence Tendency (53:58)
22. Twaddle Tendency (54:04)
23. Lollapalooza Tendency — Confluences of Psychological Tendencies Acting in Favor of a Particular Outcome (55:13)
24. Benefits of this Psychological Thought System (1:00:50)
25. Special Knowledge Problems Lie Buried in the Thought System (1:07:08)

Charlie Munger Quotes Tren Griffin - Charlie Munger
Charlie Munger Quotes