random ramblings

Listened to the full speech by Charlie Munger ( text ). I think there are cheat sheets of cognitive biases that I need to add into my mental model and thinking system. Munger talks about psychological biases which we need to be aware of in our own behavior and also would be good to know in dealing with others – if we use these to engineer common good (not to manipulate for evil purposes). Power of incentives – using incentives to drive behavior. But I guess carrot / stick might work only to certain extent (learning from “Drive”). Examples - FedEx starting night shift allowance which allowed them to get people for night shifts. Reinforcement. Simple psychological denial - "The reality is too painful to bear, so you just distort it until it's bearable." A mom refusing to believe her son is dead. “Bias from consistency and commitment tendency , including the tendency to avoid or promptly resolve cognitive dissonance. Includ...