The Visual Guide to Cognitive Biases
By Barry Ritholtz - May 17th, 2010, 3:49PM
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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.
May 17th, 2010 at 4:19 pm
This is some good stuff BR – Critical Thinking 101, but I can see how much of this would be applicable to trading.
May 17th, 2010 at 5:09 pm
pop psych 201 revisited
prefer Dylan Hwy 61 revisited
May 17th, 2010 at 5:58 pm
Last Illusion ……
May 17th, 2010 at 6:16 pm
I may be suffering from perception bias or cognitive bias, but I believe the “Disposition Effect” is repeated — golden pig on page 20 and diamond ring on page 22 — thus rendering the count of 36 probability/belief biases as inaccurate, assuming there is a bias toward uniqueness.
May 17th, 2010 at 8:19 pm
great post Barry. CB’s should be required courses at the high school and college levels. it applies to every field imaginable.
May 17th, 2010 at 9:54 pm
been there… done that…
May 17th, 2010 at 10:03 pm
bias ennuicity:
The inability to feel much of anything in the way of bias after being exposed to a series of complex, questionably valid — but occasionally spot-on — psychobabble blurbs accompanied by tortured, half-baked symbolism.
May 17th, 2010 at 10:39 pm
Letter to the editor of “A Visual Study Guide to Cognitive Biases”
After replacing the golden pig with the diamond ring on page 20 and removing the redundant “Disposition Effect” bias, you forgot to change the number of probability / belief biases on page 8 from36 to 35 to be consistent with page 17.
This real-time editing of electronic content high-lights the danger of intended and unintended manipulation of information presented for public consumption. I would suggest the proponents of information systems development and management read “An Information Systems Manifesto” by James Martin, published in 1984.
http://www.amazon.com/Information-Systems-Manifesto-James-Martin/dp/0134647696
May 17th, 2010 at 11:13 pm
I’m sure it’s very good information. But — no offense — I detest scribd (like Flash). There is already a well-worn path to sharing information on the internet, with HTML. Embedding text in another format is “reinventing the wheel”. It creates needless complexity.
I never read scribd-embedded content.
~~~
BR: Use the download link to get the PDF.
May 18th, 2010 at 6:40 am
Good Stuff Barry.
May 18th, 2010 at 8:59 am
Seriously nice stuff. I need more like this . Thanks for posting.
May 18th, 2010 at 9:57 am
Lessee…19 social biases, 8 memory biases, 42 decision-making biases, and 36 probability/belief biases.
I find myself recalling Mickey Rourke’s character in “Body Heat,” an arsonist who delivers the following bit of wisdom:
“There’s 50 ways to f**k up a job; if you can think of 25 of ‘em, you’re a genius. And you ain’t no genius.”
With 105 ways to go wrong, I’m surprised anybody ever gets anything right.
May 18th, 2010 at 3:51 pm
I’m having a nervous breakdown….. HELP…!
Ciao,Econolicious
May 18th, 2010 at 8:08 pm
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