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3min chapter
#90 The Psychology of Human Misjudgment by Charles T. Munger (Part 1)
The Rabbit Hole
The Influence of Cognitive Drift and Incentives on Professional Behavior
Exploring the concept of cognitive drift and how it can lead to ethical issues in different fields, such as the case of a surgeon who favored removing gallbladders for all medical problems. The chapter also sheds light on the lack of objective truth in presentations by brokers and management consultants, urging caution and offering strategies to counteract biased advice.
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