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The Complete Cognitive Bias Guide: Buffett & Munger's Secret
Rating: 4.5 out of 5(18 ratings)
1,498 students

The Complete Cognitive Bias Guide: Buffett & Munger's Secret

Empower Your Career & Life with the Wisdom of Charly Munger's 25 Cognitive Biases (Examples, Exercises, Study Guide)
Created byStefan Devito
Last updated 2/2022
English
English [Auto],

What you'll learn

  • 25 cognitive biases
  • Critical thinking
  • Better decision-making

Course content

2 sections • 35 lectures • 3h 3m total length

  • Thank you message from Stefan0:05
  • Introduction4:14

    Explore Charlie Munger's twenty five cognitive biases and learn to recognize and apply them to your life and decisions, improving judgment under stress and across business and personal contexts.

  • 25 Cognitive biases - Download0:01

    You can download the material

  • BIAS 1: Reward & Punishment Superresponse8:54
  • Why your advice matters0:41
  • BIAS 2: Liking Tendency7:50

    Explore the liking tendency, halo effect, and association fallacy, and their bias in judgments in sports, politics, and ads. Learn to recognize it, weigh attributes, and invert to decide better.

  • BIAS 3: Disliking Tendency6:51

    Explore the dislike tendency that fuels anger, fear, and us-versus-them bias; learn to counter ad hominem thinking, reassess rivals, invert to uncover truth, and don't underestimate competition.

  • BIAS 4: Doubt Avoidance5:40

    Identify doubt avoidance as a bias that drives hasty, harmful decisions in investments, career, and life. Adopt Buffett and Munger's antidote—patience, deliberate thinking, and sleep over a decision—to overcome it.

  • BIAS 5: Confirmation Bias8:49

    Explains confirmation bias and its impact on entrepreneurship, including sunk costs and cognitive inertia, and offers antidotes like stress tests and acting on beliefs.

  • BIAS 6: Curiosity Bias6:13

    Explore curiosity bias, its role in driving novelty and engagement in marketing and pitching, and how to leverage or mitigate its pull to influence audiences.

  • One question0:27
  • BIAS 7: Kantian Fairness Tendency8:50
  • BIAS 8: Jealousy2:44
  • BIAS 9: Reciprocation8:13

    Explore reciprocation, its positive and negative pull, and how it shapes sales, negotiations, and daily interactions. Learn antidotes like pausing before reacting, mindful gift-giving, and using guilt to fuel generosity.

  • BIAS 10: Influence-From-Mere-Association8:44

    Explore the association (halo) effect, its impact on trust and marketing, and practical antidotes like inviting bad news, testing causal links, and leveraging positive associations.

  • BIAS 11: Simple, Pain-Avoiding Denial7:19

    Identify the pain-avoiding denial tendency, recognize ego-driven denial of truth, and learn to face reality, avoid wishful thinking, and preserve what is real.

  • BIAS 12: Excessive Self-Regard7:58

    Explore how excessive self-regard fuels overconfidence and biases like the endowment effect and dunning-kruger, and learn practical fixes: take responsibility, address unfixed behavior, and discuss thinking differences.

  • BIAS 13: Overoptimism5:06

    Identify how overoptimism and wishful thinking inflate win chances and understate losses. Apply probability mass thinking, question sunk costs, and separate reality from bias to avoid costly misjudgments.

  • BIAS 14: Deprival-Superreaction6:03

    Explore deprival-superreaction: people fear loss more than gain, so focus on absolute terms and threats when evaluating opportunities, persuading others, or making investment decisions.

  • BIAS 15: Social-Proof6:43

    Discover how social proof shapes decisions through testimonials and conformity in marketing. Verify facts, employ checklists, and leverage or resist social proof to boost success.

  • BIAS 16: Contrast-Misreaction5:24

    Explore the contrast effect and how relative comparisons distort choices, then apply strategies to think in absolute terms, invert thinking, and present a few comparable options to persuade decisions.

  • BIAS 17: Stress-Influence Tendency5:28

    Stress influence tendency drives quick decisions and faulty thinking like social proof and avoidance. Calm, use checklist, and ask what a reasonable person would do to decide wisely under pressure.

  • BIAS 18: Availability-Misweighing6:17

    Expose how availability misweights information due to proximity and memory limits. Learn to counter it by seeking deeper data, challenging assumptions, and presenting vivid options for ethical persuasion.

  • BIAS 19: Use-It-or-Lose-It6:07

    learn how the use-it-or-lose-it bias drives skill decay, why diversifying tools beats overreliance on a single skill, and how deliberate practice and periodic review preserve fluency.

  • BIAS 20: Drug-Misinfluence4:31

    Explore how drugs mislead emotions and dull neurons, fueled by denial and social proof, and learn cautionary insights for delaying or avoiding substance use.

  • BIAS 21: Senescence-Misinfluence5:32

    Explore senescence-misinfluence, brain plasticity decline with age, and how motivation and continuous learning counteract aging—through examples of staying curious, languages, and new activities.

  • BIAS 22: Authority-Misinfluence6:29

    Examine how authority drives misinfluence and conformity, the risks of bad leadership, and how to counter it by thinking for yourself, using checklists, and inverting assumptions.

  • BIAS 23: Twaddle Tendency5:10

    Identify the twaddle tendency as overtalking with no substance, avoid using authority to seem more knowledgeable, and stay within your circle of competence while practicing radical open-mindedness.

  • BIAS 24: Reason-Respective Tendency5:47

    Explore the reason-respective tendency and the copy machine experiment, showing how giving reasons boosts compliance and reveals the narrative fallacy in management decisions.

  • BIAS 25: Lollapalooza Tendency3:10

Requirements

  • No

Description

Cognitive biases have been plagued businessses and individuals for hundreds of years and led to famous misconceptions like "the world is flat".

Whether we know it or not, our thinking is highly flawed, most of the time.


In order to become a clear thinker, one must first know the traps of fulty reasoning. This courses allows you to critically assess your own thinking by teaching you the biggest 25 cognitive biases.


After taking this course, your reasoning and thinking will not be perfeect but it will almost inevitable improve. Charly Munger and Warren Buffett have are famously known to having tried to avoid those 25 cognitive biases and called this ability a key reason for their success in investing.


Whether investing is what you set out to do or not, understanding the traps of your own - and other people's minds - will help you make better decisions in your professional and personal life.


As always, you get a 30-day money back guarantee so you have nothing to lose. Try it out and see what it can do for you!


Warren Buffett and Charlie Munger have shown, over the last 9 centuries, that their way of thinking - analytical, precise and ethical - pays off in big ways over the long term. Learn their strategies and become a better thinker today.

Who this course is for:

  • Entrepreneurs
  • People with an interest to upgrade their thinking and decision-making

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