The Psychology of Human Misjudgment

This work, originally delivered as a speech at Harvard University in 1995, outlines Charlie Munger's observations on the irrational patterns in human behavior.

Munger identifies 25 standard causes of human misjudgment, including tendencies such as Reward and Punishment Superresponse, Liking/Loving Tendency, Dislike/Hating Tendency, and others.

These insights are crucial for understanding how psychological biases affect decision-making and are particularly relevant in fields like behavioral economics and finance.