Source: Stranger Still Via Barry Ritholtz
Tag: Cognitive Dissonance
Confirmation Bias, Group Think, And Cognitive Dissonance – Mind Games
In “Bubbles and Elevators”, we discussed how human beings do seemingly ridiculous things to fulfill their instinctive need to mimic what others are doing, right or wrong, logical or illogical. The greatest investors, those that make money when markets are […]
Psychology Of Passwords – Does Your Personality Make You More Likely To Get Hacked?
Does Your Personality Make You More Likely To Get Hacked? LastPass Survey Explores The Psychology Of Passwords FAIRFAX, Va., Sept. 28, 2016 (GLOBE NEWSWIRE) — Released on the eve of National Cyber Security Awareness Month (NCSAM), a new survey from […]
Shiller Was Warned Not to Tell the Truth About the Stock Market — And We All Heard the Message
Valuation-Informed Indexing #294 by Rob Bennett Robert Shiller says in his book Irrational Exuberance that: “On several occasions I have discovered firsthand the pressure on public prognosticators to deliver positive statements about the market. Once, just before going on national television, […]
Investment Selection Process – Getting To Zero
Investment Selection Process – Getting To Zero by Tom Macpherson, Dorfman Value Investments “Any time you manage other people’s money, risk management should be defined as preventing the permanent impairment of capital. Nothing can be riskier to an equity investor […]
Robert Shiller Explains Behavioral Economics
In some respects, Robert Shiller is the man who made Behavioral Economics famous. His book, Animal Spirits, was one of the first mainstream publications on the subject. That’s why if you have an hour of time to set aside, we […]
A Story From My Own Life That Shows the Power of the Self-Deception That Also Causes Stock Booms and Crashes
Valuation-Informed Indexing #271 by Rob Bennett I don’t believe that Buy-and-Hold can work. Buy-and-Holders don’t consider valuations when setting their stock allocations. That makes no sense. It is essential to consider price when buying something. There is no reason to […]
Mistakes Were Made (But Not by Me): ‘Blind Spots’
Here is an excerpt from Capital Ideas Online on cognitive dissonance and self-justification followed by a book review of Mistakes Were Made (But Not by Me): Why We Justify Foolish Beliefs, Bad Decisions, and Hurtful Acts by Carol Tavris Here […]
Cognitive Dissonance: Hard to Fire Yourself; Easy to Fire Your Manager
Cognitive Dissonance: Hard to Fire Yourself; Easy to Fire Your Manager by Wesley R. Gray, Ph.D., Alpha Architect, Author, Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors Looking for Someone to Blame: Delegation, Cognitive Dissonance, and […]