I think the final three lessons you highlight are fantastic. And also just having the audacity to try these wild predictions usually makes the experience more fun.
I will definitely be thinking about these things when creating!
This is terrific, this is a topic I'm passionate about, and I find the Baader-Meinhof Phenomenon in particular to be fascinating. It's uncanny sometimes how this appears in our life. I had an ex-girlfriend who called it the Ernest Rutherford effect (he was a physicist, but perhaps you knew that). She suddenly started noticing him everywhere after first reading about him and this was in the early 2000s so I think we were both unaware of the real name.
So many cognitive biases come up in the world of investing and I love that you've shared some non-financial real-life biases that affect us all.
Anchoring bias is another classic, which is particularly noticeable this time of year with Black Friday sales. Wow, it used to be $200? And now it's $85 - what a deal!
Interesting framing for exploring biases!
I think the final three lessons you highlight are fantastic. And also just having the audacity to try these wild predictions usually makes the experience more fun.
I will definitely be thinking about these things when creating!
Thank you Rasmus! I'm glad you enjoyed :) Stay tuned for tomorrow, we'll have more examples (not so usual ones) on how to deal with biases!
This is terrific, this is a topic I'm passionate about, and I find the Baader-Meinhof Phenomenon in particular to be fascinating. It's uncanny sometimes how this appears in our life. I had an ex-girlfriend who called it the Ernest Rutherford effect (he was a physicist, but perhaps you knew that). She suddenly started noticing him everywhere after first reading about him and this was in the early 2000s so I think we were both unaware of the real name.
So many cognitive biases come up in the world of investing and I love that you've shared some non-financial real-life biases that affect us all.
Anchoring bias is another classic, which is particularly noticeable this time of year with Black Friday sales. Wow, it used to be $200? And now it's $85 - what a deal!