Confirmation Bias
topic on 6 shows · 11 statements across 8 episodes
the Knowledge Project 
the Neon Show 
A Product Market Fit Show 
Capital Allocators 
All-In 
20VC
11 statements about Confirmation Bias, every show
Foard: Storytelling is the best way to trigger confirmation bias in presentations
“You are trying to achieve confirmation bias in any presentation, and the best way to do that is with a story.”
Joshaghani: Founders need a designated contrarian to fight confirmation bias
“Find a sponsor for your idea, which is you, the founder, whoever, but then find someone on your team to take the opposite view.
And try to challenge the things that they're hearing.
entrepreneurs, I run, I'm the biggest guilty party in this, have happy years,…”
Mauboussin: Overprecision and confirmation bias are the biggest investment decision pitfalls
“Two big sources of bias, I think are one is overconfidence. And when you look at overconfidence, usually the sub-component of oral confidence of the problem is over precision, which is you start to think you know what the world is going to be rather than bette…”
Mauboussin: Thesis-driven investors must pre-define probabilistic signposts to prevent bad deals
“If you do have a thesis, and by the way, I'm not adverse to that, but if you have a thesis, you should be thinking about so-called signposts, which is to say, if this thesis is correct, here are the things that we should see happen as we travel down this road,…”
Friedberg: Decentralized media will increase echo chambers and content extremity
“What's going to end up happening? People are going to click on the stuff that they want to hear. Confirmation bias. It's going to become more extreme. It's going to become, you know, even more heated. There's going to be splintering of media creation as there …”
Pride in knowledge triggers confirmation bias and traps people in overconfidence
“The basic idea is we start by being proud of something that we think we know. And that leads us then to feel a lot of conviction. That kind of launches us into confirmation bias, where we look for information that confirms our expectations, as well as desirabi…”
Holistic single-interviewer evaluations trigger confirmation bias and desirability bias
“We know that it's better to go up to three or four empirically. In too many cases also it's each interviewer's job to make an overall assessment of the candidate, which makes it too easy to decide you like someone, and then confirmation bias and desirability b…”
Mohan: Confirmation bias is the biggest psychological trap in venture capital
“I think the biggest,
Bias, to be very frank with you is confirmation bias, right?
Like, ah, you know, the minute you think you like something about a deal, you're searching and seeking for information which is going to just agree upon the decision which you pe…”
Avoiding confirmation bias is far harder than generating new analysis
“I think from my perspective it's less the coming up with opinions that is difficult and more the, Trying to keep a very strong sort of guard up against like confirmation bias where, where things happen and, oh, that, that, that fits my view of the world. I'm, …”
Sharot: Brains track agreeing partners but disregard disagreeing input in financial decisions
“What we found that when the two people agreed on how much a real estate was worth, each person's brain was closely monitoring the information coming from the partner. And everyone became more confident in their decision, right? Cause well, we agree, so we're p…”
Sharot: Mitigating confirmation bias requires review by independent parties with different motivations
“I think one way to overcome this is to have your decisions and predictions Assessed by people who don't necessarily hold the same theories as you do and don't necessarily have the same motivations as you do.”