This is a slide from the very fascinating field guide to “Cognitive Biases – A Visual Study Guide by the Royal Society of Account Planning.”
You can see the full guide here: The Visual Guide to Cognitive Biases
click for larger guide
Hat tip Cory
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
"The Greek offer is not sufficient and they have to go away to come up with a revised plan," said a spokesman for the German Finance Ministry. The Greeks must first have a plan that satisfies the Germans which this comment states they clearly don't yet and then the Greek Parliament will vote on it this weekend. This said, whatever package gets voted on in Greece is basically an up or down vote on euro membership so we are entering another uncertain weekend for global markets. A failed vote will likely lead to a hard default which may be what...
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May 17th, 2010 at 5:46 pm
Fascinating. Did these guys write a book?
May 17th, 2010 at 5:56 pm
@Daffyorburgs: Almost all of this can be traced to experimental social psychology research. Try Robert Cialdini or Nicolas Gueguen if you want a book.
May 17th, 2010 at 6:42 pm
Interesting. And perhaps on target. But looking at the last two years:
IMHO, seems to me any little guy with half a brain has rid himself of those biases relevant to being a little guy. Ripe for the picking. Not any more. As least as much.
BR’s rec for stops should have been the absolute last clue.
We’ll have to see.
OTH: Those biases relevant to big dogs just got reinforced mightily.
So I guess that’s a statement about the times. And the trend.
May 17th, 2010 at 7:12 pm
pop psych 201 revisited
prefer Dylan Hwy 61 revisited
May 17th, 2010 at 8:56 pm
Idiot Wind still blowing…
May 17th, 2010 at 9:21 pm
Debt hawks have the Semmelweis bias
May 17th, 2010 at 9:36 pm
Comment may be a bit OT, but could the destruction by oil from the BP well of the entire Gulf (and perhaps much more) reveal some cognitive biases extraordinaire?
May 17th, 2010 at 9:54 pm
Denis
Thanks!