BIASES and HEURISTICS : The Complete Collection of Cognitive Biases and Heuristics That Impair Decisions in Banking, Finance and Everything Else (The Psychology of Economic Decisions Book 7)
www.amazon.com/dp/B07SHPYDFD
Top Highlights
- “smarter” is not always equivalent to “more reasonable”.
- being more intelligent doesn’t necessarily mean you’re more rational.
- ‘conjunction fallacy’, which is when we mistakenly believe that two events occurring together is more probable than only one of those events occurring.
- The problem is, instead of using reason or rational thinking, we often resort to intuition when making economic decisions.
- human beings are systematically irrational. Not only do they misjudge situations, but they do it in fairly predictable patterns.
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