Posts tagged charlie munger Availability-Misweighing Tendency
Availability Bias: Making Decisions Based On Vivid Examples

What you remember most vividly in your past influences your future. The stories, memories, and examples that are easily available to you guide the decisions you make and how you position yourself in the world. This is called “availability bias.” And you can either succumb to this common mental error or learn to use it in your favor…

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