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24 Cognitive Biases by Charlie Munger

By Jacob Wolinsky. Originally published at ValueWalk.

Published on Jul 7, 2017

? What happens when one person’s actions are influenced by a cognitive bias? In Charlie Munger’s 24 Cognitive Biases, he states that Bias #3 is affected as a direct result of others being affected by the first bias.

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? The third cognitive bias is a direct result of something called the “incentive influence” effect. Where the people being persuaded to do something are influenced by another person who has an incentive to get them to do that thing…. Confusing, right??

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