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The Psychology of Human Misjudgement - Charlie Munger Full Speech

BuffettMungerWisdom

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  • Recommended by 6 people, in Hacker News, across 6 different months.
  • Presented by Charlie Munger, as the video describes them

For anyone, no background needed. Education, not medical advice.

1.4M views13 years ago6 recommendations

Brain and nervesMental healthNeuroscienceMemory and learning

Charlie Munger shares a comprehensive framework of cognitive biases and psychological tendencies that lead to human misjudgment.

BuffettMungerWisdom: buffettmungerwisdom.wordpress.com "Influence: The Psychology of Persuasion by Rober Cialdini" amzn.to/2kMkP3u "Poor Charlie's Almanack Expanded Third Edition" amzn.to/2ld2VaX Audio of the often referred to speech by Charlie Munger on the psychology of human misjudgement given to an audience at Harvard University circa Jun 1995. Mr. Munger speaks about the framework for decision making and the factors contributing to misjudgements. c. Jun 1, 1995 FULL TEXT: buffettmungerwisdom.wordpress.com/2013/01/14/full-text-of-sp…

Why it's here

6 people recommend this

What people say. Highly recommended as a classic, essential lecture on cognitive biases and decision-making that viewers revisit regularly.

timrosenblattin Hacker News • Recommends

On “Ask HN: Practical formula for being relentlessly resourceful?”

…have come up with". To me, that sounds like "I need a solution someone else came up with". Every successful business leader has advisors. So should you. There is a talk by Charlie Munger (of Berkshire Hathaway fame) about decision making. It tends to focus on mistakes, but if you know what mistakes to avoid, it can help you find the right answer. link to this video Tell me what you think about these.…
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rasz_plin Hacker News • Recommends

On “Johann Wolfgang von Goethe, Amateur Auction Theorist”

Unless you enjoy misery, trolling, and derive satisfaction from forcing other people to make stupid decisions. Personally I'm more than happy losing a bid if I make someone else suffer winner's curse just because they are blinded by escalation of commitment and a long list of other biases. One of my favourite speeches touching on the subject: The Psychology of Human Misjudgement - Charlie Munger Full Speech bit about auctions is at 59:30 link to this video text link
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eigenvaluein Hacker News • Recommends

On “The Psychology of Human Misjudgment (2005) [pdf]”

You can also listen to him giving this speech here: link to this video I revisit this material every couple years. It's so easy to fall into these traps in your thinking.
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mellingin Hacker News • Recommends

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It’s not a rule but an observation. We can certainly become more self-aware and change our behavior. Munger’s Psychology of human misjudgment, for instance, is enlightening: link to this video
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cs702in Hacker News • Recommends

On “Ask HN: What are some available force multipliers that most people don't know?”

Develop an intuitive understanding of the key mental models mentioned by Charlie Munger in his classic speech given to a Harvard class 25 years ago: "The Psychology of Human Misjudgment," by Charlie Munger link to this video link If I may paraphrase Mr. Munger, you never want to be a one-legged man in the ass-kicking contest of life.
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cainxinthin Hacker News • Recommends

On “Charlie Munger has died”

As billionaires go, he seemed unusually down to earth. I listen to his lecture on "The Psychology of Human Misjudgement" every few years: link to this video
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rgloverin Hacker News • Mentions

On “Past Time to Tell the Public:It Will Probably Go Pandemic, We Should Prepare Now”

For those uncertain of how to treat this information, these are the razors I've used on myself the past few weeks: link to this video link to this video
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