rogermunibond Posted April 27, 2012 Share Posted April 27, 2012 Ubuy - yes very much agree with you. My one caveat is that many of the simpler decisions we make in day to day life are the system I kind. And by and large fast thinking serves us well there. But with our modern complex and more numerate world, system I fails us. Link to comment Share on other sites More sharing options...
Spekulatius Posted April 26, 2018 Share Posted April 26, 2018 I listened to this book as an audiobook during my long weekend commutes. I think it is a fantastic read (or listen) abdndurectoy applicable to investing as well, even though it is mostly about how the human mind works. I highly recommend this book! Link to comment Share on other sites More sharing options...
boilermaker75 Posted April 26, 2018 Share Posted April 26, 2018 I listened to this book as an audiobook during my long weekend commutes. I think it is a fantastic read (or listen) abdndurectoy applicable to investing as well, even though it is mostly about how the human mind works. I highly recommend this book! It has been a while since I read it. It was great; I need to read it again. Maybe I will get the Kindle version this time so it is easy to generate notes. Link to comment Share on other sites More sharing options...
Liberty Posted June 28, 2018 Author Share Posted June 28, 2018 https://www.standard.co.uk/lifestyle/london-life/the-thought-father-nobel-prize-winning-psychologist-daniel-kahneman-on-luck-9199162.html As for Kahneman’s million-selling 2011 book, Thinking, Fast and Slow — the distillation of his life’s work, dedicated to Tversky, who died in 1996 — well, we count ourselves lucky that he wrote it at all. “I hated every minute of writing it and I didn’t like it when it was finished,” he complains. “So its success has been a great surprise to me.” Link to comment Share on other sites More sharing options...
Liberty Posted July 1, 2018 Author Share Posted July 1, 2018 Looks like there's a new book on the works: https://www.thebookseller.com/news/william-collins-scoops-kahnemans-book-7-figure-pre-empt-752276 Link to comment Share on other sites More sharing options...
DooDiligence Posted July 1, 2018 Share Posted July 1, 2018 "A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth." This statement couldn't be more relevant in todays political environment. Link to comment Share on other sites More sharing options...
Spekulatius Posted July 2, 2018 Share Posted July 2, 2018 "A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth." This statement couldn't be more relevant in todays political environment. This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well. Link to comment Share on other sites More sharing options...
Liberty Posted July 2, 2018 Author Share Posted July 2, 2018 "A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth." This statement couldn't be more relevant in todays political environment. This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well. Or read Trump's Twitter. Link to comment Share on other sites More sharing options...
Jurgis Posted July 2, 2018 Share Posted July 2, 2018 "A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth." This statement couldn't be more relevant in todays political environment. This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well. Happens in investment discussions too... Not always consciously ... Link to comment Share on other sites More sharing options...
DooDiligence Posted July 4, 2018 Share Posted July 4, 2018 "A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth." This statement couldn't be more relevant in todays political environment. This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well. Happens in investment discussions too... Not always consciously ... I say Berkshire entirely too often. Link to comment Share on other sites More sharing options...
Jurgis Posted August 7, 2018 Share Posted August 7, 2018 Another article about biases and de-biasing: https://www.theatlantic.com/magazine/archive/2018/09/cognitive-bias/565775/ Kahneman again. Tetlock again. But also Nisbett (who I haven't seen mentioned before) and some good links and pointers. Link to comment Share on other sites More sharing options...
Cigarbutt Posted August 7, 2018 Share Posted August 7, 2018 Another article about biases and de-biasing: https://www.theatlantic.com/magazine/archive/2018/09/cognitive-bias/565775/ Kahneman again. Tetlock again. But also Nisbett (who I haven't seen mentioned before) and some good links and pointers. Since you seem to have a significant attachment to the halo effect, you may be interested in: https://deepblue.lib.umich.edu/bitstream/handle/2027.42/92158/TheHaloEffect.pdf?sequence=1&isAllowed=y "When considering the establishment of rules concerning blind review, conflict of interest, nepotism, and the like, it would therefore seem advisable to consider more than the possibility that some individuals in the system may be venal and corrupt. The protestations of even the most virtuous and disinterested participants that they are capable of independent judgments should be considered suspect." Beware of the venal and the virtuous? Link to comment Share on other sites More sharing options...
Jurgis Posted August 7, 2018 Share Posted August 7, 2018 Since you seem to have a significant attachment to the halo effect, you may be interested in: https://deepblue.lib.umich.edu/bitstream/handle/2027.42/92158/TheHaloEffect.pdf?sequence=1&isAllowed=y Two different videotaped interviews were staged with the same individual—a college instructor who spoke English with a European accent. In one of the interviews the instructor was warm and friendly, in the other, cold and distant. The subjects who saw the warm instructor rated his appearance, mannerisms, and accent as appealing, whereas those who saw the cold instructor rated these attributes as irritating These results indicate that global evaluations of a person can induce altered evaluations of the person's attributes, even when there is sufficient information to allow for independent assessments of them. Now I know why people don't like my couture. 8) Link to comment Share on other sites More sharing options...
boilermaker75 Posted June 22, 2020 Share Posted June 22, 2020 Kindle version on sale today for $4.99 https://smile.amazon.com/Daniel-Kahneman/e/B001ILFNQG/ref=dp_byline_cont_ebooks_1 Link to comment Share on other sites More sharing options...
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