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28min chapter
#90 The Psychology of Human Misjudgment by Charles T. Munger (Part 1)
The Rabbit Hole
Incentives and Bias
This chapter discusses the impact of incentives on human behavior and the lack of focus on incentive caused bias in psychology texts. It explores the opposing abuse that occurs between employers and employees due to this bias and the trade-offs involved in creating compensation arrangements.
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Discover
highlights
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