Cognitive Biases

topic on 2 shows · 5 statements across 5 episodes

the Knowledge Project Capital Allocators

5 statements about Cognitive Biases, every show

Tversky: Cognitive biases stem from useful heuristics that carry unavoidable costs
“There's a reason, For every one of these biases, that is, there's an underlying reason that's deeper, more abstract, or broader, that where these things have been useful in one way or another, but their use is highly limited, and can lead you into trouble, as …”
Barbara Tversky Sep 6, 2022 ▶ 1:13:21 Barbara Tversky: Action Shapes Thought
Kahneman: Decades of studying cognitive biases has not made him immune
“Yeah, certainly not much better, no.”
Daniel Kahneman Oct 15, 2019 ▶ 37:14 #68 Daniel Kahneman: Putting Your Intuition on Ice
Parrish: Cognitive bias checklists fail to prevent future mistakes
“What I found is cognitive biases are sort of great for explaining why we make mistakes in hindsight, but they're not necessarily really good for preventing or anticipating mistakes in the future, because what happens is any reasonably intelligent person sits d…”
Shane Parrish Oct 1, 2019 ▶ 25:28 #67 Jim Collins: Keeping the Flywheel in Motion
KNOWLEDGE PROJECT Assertion Supported
Duke: Smart people aware of cognitive biases are worse at overcoming them
“In fact, there's a lot of evidence that says that smart people who know about them are actually worse.”
Annie Duke Jul 25, 2018 ▶ 25:58 #37 Annie Duke: Getting Better by Being Wrong
Hight: Knowing about cognitive biases does not change human behavior
“Just knowing about a bias doesn't change human behavior.”
Cameron Hight Mar 12, 2018 ▶ 1:15:36 Clare Flynn Levy and Cameron Hight - Moneyball for Managers (Capital Allocators, EP.43)

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