The Psychology of Human Misjudgment

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#1
Posted for reading and thinking pleasure. Let's discuss real-life examples too! (Full transcript of his speech can be found here)

1. Reward and Punishment Superresponse Tendency
2. Liking/Loving Tendency
3. Disliking/Hating Tendency
4. Doubt-Avoidance Tendency
5. Inconsistency-Avoidance Tendency
6. Curiosity Tendency
7. Kantian Fairness Tendency
8. Envy/Jealousy Tendency
9. Reciprocation Tendency
10. Influence-from-Mere Association Tendency
11. Simple, Pain-Avoiding Psychological Denial
12. Excessive Self-Regard Tendency
13. Overoptimism Tendency
14. Deprival Superreaction Tendency
15. Social-Proof Tendency
16. Contrast-Misreaction Tendency
17. Stress-Influence Tendency
18. Availability-Misweighing Tendency
19. Use-It-or-Lose-It Tendency
20. Drug-Misinfluence Tendency
21. Senescence-Misinfluence Tendency
22. Authority-Misinfluence Tendency
23. Twaddle Tendency
24. Reason-Respecting Tendency
25. Lollapalooza Tendency – The Tendency to Get Extreme Confluences of Psychological Tendencies Acting in Favor of a Particular Outcome
Reply
#2
There's a more complete version of this in the book "Poor Charlie's Almanack".

Charlie got a fair bit of inspiration from Cialdini's book "Influence: The Psychology of Persuasion". He was so impressed with Cialdini that he gave him a share of Berkshire as a gift.
Reply
#3
(10-01-2011, 12:05 PM)bluechipstamp Wrote: There's a more complete version of this in the book "Poor Charlie's Almanack".

Charlie got a fair bit of inspiration from Cialdini's book "Influence: The Psychology of Persuasion". He was so impressed with Cialdini that he gave him a share of Berkshire as a gift.

Further info.

The version of the speech in the 3rd and latest edition of Poor Charlie's Almanack is a re-written version. It has a lot more as a preface to this original speech which might make things clearer.

The version that I linked above is a transcripted version which is I believed abridged from his original talk.

My two cents is to get Poor Charlie's Almanack. It makes nice reading and also has a list of other influences of Charlie Munger (most notably Benjamin Franklin) and must-reads. Otherwise, it could always end up on your coffee table and generate some talking points among your guests.
Reply
#4
Charlie Munger: The Psychology of Human Misjudgement

Abridged:



Full: https://youtu.be/zNxsAhc6sk8

Full Transcript:
http://web.archive.org/web/2015100420074...c/16_1.pdf

Embedded so that it is more accessible to more people. It was really helpful to me.

Perhaps it should be relocated at the "Interview with Gurus" section?
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)