Author Topic: Thinking, Fast and Slow - Daniel Kahneman  (Read 14739 times)

DooDiligence

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #30 on: July 01, 2018, 06:40:35 AM »
"A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth."

This statement couldn't be more relevant in todays political environment.
Healthcare 25.9% - CVS EW NVO // BRK.B - 23.1% // Auto's & Oil 15.0% - CLB GPC VDE

Entertainment 4.8% - DIS // Banking 9.9% - WFC // Drinkers & Smokers 4.9% - MO

%'s held @ MV 08/29/2019 minus 16.4% investable cash

i trumpet my ignorance

https://twitter.com/tunawish


Spekulatius

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #31 on: July 01, 2018, 07:41:19 PM »
"A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth."

This statement couldn't be more relevant in todays political environment.

This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well.
To be a realist, one has to believe in miracles.

Liberty

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #32 on: July 02, 2018, 04:07:55 AM »
"A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth."

This statement couldn't be more relevant in todays political environment.

This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well.

Or read Trump's Twitter.
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen

Jurgis

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #33 on: July 02, 2018, 08:30:20 AM »
"A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth."

This statement couldn't be more relevant in todays political environment.

This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well.

Happens in investment discussions too... Not always consciously ... 
"Before you can be rich, you must be poor." - Nef Anyo
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"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"

DooDiligence

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #34 on: July 04, 2018, 04:08:38 PM »
"A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth."

This statement couldn't be more relevant in todays political environment.

This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well.

Happens in investment discussions too... Not always consciously ...

I say Berkshire entirely too often.
Healthcare 25.9% - CVS EW NVO // BRK.B - 23.1% // Auto's & Oil 15.0% - CLB GPC VDE

Entertainment 4.8% - DIS // Banking 9.9% - WFC // Drinkers & Smokers 4.9% - MO

%'s held @ MV 08/29/2019 minus 16.4% investable cash

i trumpet my ignorance

https://twitter.com/tunawish

Jurgis

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #35 on: August 07, 2018, 01:46:39 PM »
Another article about biases and de-biasing: https://www.theatlantic.com/magazine/archive/2018/09/cognitive-bias/565775/

Kahneman again. Tetlock again. But also Nisbett (who I haven't seen mentioned before) and some good links and pointers.
"Before you can be rich, you must be poor." - Nef Anyo
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"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"

Cigarbutt

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #36 on: August 07, 2018, 02:32:30 PM »
Another article about biases and de-biasing: https://www.theatlantic.com/magazine/archive/2018/09/cognitive-bias/565775/

Kahneman again. Tetlock again. But also Nisbett (who I haven't seen mentioned before) and some good links and pointers.

Since you seem to have a significant attachment to the halo effect, you may be interested in:
https://deepblue.lib.umich.edu/bitstream/handle/2027.42/92158/TheHaloEffect.pdf?sequence=1&isAllowed=y
"When considering the establishment of rules concerning blind review, conflict of interest, nepotism, and the like, it would therefore seem advisable to consider more than the possibility that some individuals in the system may be venal and corrupt. The protestations of even the most virtuous and disinterested participants that they are capable of independent judgments should be considered suspect."

Beware of the venal and the virtuous?

Jurgis

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #37 on: August 07, 2018, 03:37:28 PM »
Since you seem to have a significant attachment to the halo effect, you may be interested in:
https://deepblue.lib.umich.edu/bitstream/handle/2027.42/92158/TheHaloEffect.pdf?sequence=1&isAllowed=y

Quote
Two different videotaped interviews were staged with the same individual—a
college instructor who spoke English with a European accent. In one of the
interviews the instructor was warm and friendly, in the other, cold and distant.
The subjects who saw the warm instructor rated his appearance, mannerisms,
and accent as appealing, whereas those who saw the cold instructor rated these
attributes as irritating These results indicate that global evaluations of a person
can induce altered evaluations of the person's attributes, even when there is
sufficient information to allow for independent assessments of them.

Now I know why people don't like my couture.  8)
"Before you can be rich, you must be poor." - Nef Anyo
--------------------------------------------------------------------
"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"