Page 46 - engage workbook

6

bias

What the human being is best at doing is interpreting all
new information so that their prior conclusions remain
intact.

Warren Buffett

Common biases

• Groupthink

• Availability bias

• Liking / Disliking - The Halo Effect
• Confirmation bias
• The Curse of Knowledge
• Self-serving bias

• Bias blind spot

Hundreds of studies confirm that human forecasts are flawed
and biased. Human decision making is not so great either.

Richard H. Thaler,
Nudge: Improving Decisions About Health, Wealth, and
Happiness

41 engage-universe.com