Thinking and Decision-Making

How Does Charlie Munger Use Institutional Design to Overcome Psychological Biases? Charlie Munger deeply understands human irrationality. He believes that merely recognizing the existence of psycholog...

Charlie Munger deeply understood that humans are highly susceptible to various cognitive biases in decision-making, and these "human frailties" are the primary root causes of investment and business f...

Does Munger Believe Education Can Fully Overcome Cognitive Biases? Core Answer: No. Charlie Munger does not believe education can completely overcome cognitive biases.

How Overconfidence Destroys an Investor? Charlie Munger's Answer Charlie Munger believes that Overconfidence Tendency is one of the primary psychological biases leading to major misjudgments in humans...

Charlie Munger on Confirmation Bias: The Number One Villain That Must Be Destroyed in Investing Charlie Munger views "Confirmation Bias" as one of the most destructive tendencies in human thinking, pa...

How Does "Loss Aversion" Psychology Affect Investment Decisions? What Are Charlie Munger's Insights? I. What is "Loss Aversion"? Loss Aversion is a core concept in behavioral economics, proposed by p...

The core reason why Charlie Munger repeatedly emphasizes avoiding extreme emotions is that extreme emotions are the archenemy of rationality. They directly trigger and amplify various cognitive biases...

Under Charlie Munger's psychological framework, the "Social-Proof Tendency" is one of the key biases leading to irrational behavior and poor decision-making.

The Exploitation of Reciprocity Bias in Sales and Politics "Reciprocity Bias," a key psychological tendency highlighted by Charlie Munger in Poor Charlie's Almanack, refers to a deeply ingrained behav...

Charlie Munger's "Commitment and Consistency Bias": Why Do We Stick to Mistakes? Charlie Munger, in his famous talk on "The Psychology of Human Misjudgment," identified Commitment and Consistency Bias...

How Does Charlie Munger Explain the "Authority Bias"? Please Provide Examples. In his famous lecture on "The Psychology of Human Misjudgment," Charlie Munger refers to "authority bias" as the Authorit...

Charlie Munger on "Incentive-Caused Bias" and Its Harm to Corporate Decision-Making Charlie Munger regarded "Incentive-Caused Bias" as one of the most powerful and dangerous cognitive biases humans po...

How Does Charlie Munger Apply Game Theory Thinking in His Investment Process? Charlie Munger doesn't frequently or formulaically invoke the term "game theory" like an academic might, yet the underlyin...

查理·芒格在其著名的演讲《人类误判心理学》(The Psychology of Human Misjudgment) 中，系统地阐述了他总结的25种心理倾向（或称心理偏差模型）。这些模型是他用来分析复杂商业问题和做出明智决策的重要工具。 以下是这25种心理偏差模型的列表： 查理·芒格的25种心理倾向 奖励和惩罚超级反应倾向 (Reward and Punishment Superrespon...

Charlie Munger advocates against making overly detailed predictions about the future. This philosophy is rooted in his profound realism, a clear recognition of the limitations of human cognition, and ...

Here is the translation of the provided content into English, maintaining the original Markdown format: What are Charlie Munger's views on "things that cannot be quantified are still important"? Char...

Charlie Munger's View on "Pre-mortem" and Its Integration with "Inversion" Charlie Munger is the most renowned advocate of "Inversion," and "Pre-mortem" can be seen as an exceptionally powerful and sy...

The Profound Wisdom Behind Charlie Munger's "Recognize Reality": More Than Investing, It's the Cornerstone of Life Charlie Munger repeatedly emphasizes "You have to recognize reality, even if you don'...

Charlie Munger would not only wholeheartedly agree with the view that "how a person handles uncertainty determines their success," but would likely consider it the very core of his lifelong wisdom.

Charlie Munger considers "Falsifiability" a crucial core tool and mental model in the process of validating ideas. Originating from the scientific philosophy of Karl Popper, Munger adopted and applied...