deprival super reaction

1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Nov 18, 2025 by Shane Parrish · across every show →

Everything said about deprival super reaction, oldest first

Nov 18, 2025
Insight
Parrish: Open outcry auctions exploit social proof and deprival bias to drive overbidding
“Open outcry auctions are designed to trigger this too. You bid, and then someone outbids you. You almost had it. Just one more bid. The cycle keeps going. Social proof convinces you the last price was reasonable, and deprival super reaction makes you desperate…”
Shane Parrish Nov 18, 2025 ▶ 45:13 Charlie Munger: The Psychology of Human Misjudgment [Outliers]
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