Mental Models: Confirmation Bias: Video 1
Mental Models: Confirmation Bias: Video 1 Click Here
We are looking for confirmation: gathering evidence to strategize if you are on the correct path. But, beware of "Idea Inoculation", which can result in not seeing all of the options, because we cherry pick the evidence to support our strategic plan. Don't miss the evidence and be taken down by confirmation bias! Think deeply and frequently about your positions, and self-reflect on the evidence.
Part 1: Definition of confirmation bias and psychological research
Part 2: Brain science evidence
Part 3: Tips for investors on addressing confirmation bias
Please like the video (if you do) and subscribe to Mental Models Podcast youtube channel.
Presented by Dr. Daniel Krawczyk, Deputy Director of the Center for Brain Health @BrainHealth Professor at the University of Texas at Dallas and the University of Texas at Dallas Medical School and Alumni of UCLA and UC Berkeley