007: Paul Craven on financial market bias, magic & mental shortcuts
A LOAD OF BS ON SPORT
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What Are the Sorts of Biase in the Markets?
As a historian, i have always loved studying booms and busts in history. The most common one is the band waggon effect - investors jump on board when they see their friends getting richer. I'll so often surround myself with people that agree with me, and i'll come scared or filter out anything that doesn't really fit into that mould. It's just being aware of these biocese makes them a little bit less dangerous. What do the good ones do? Well, first of all, there's a band wagon effect... there's no such thing as 'no bubble' There are lots of tech firms that had a big rally in the markets and then unfortunae
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