Bonus Episode-The Psychology of Human Misjudgement-Charlie Munger
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Introduction
"I tried to do something about this terrible ignorance I left the Harvard Law School with," he says. "How could economics not be behavioral if it isn't behavioral? What the hell is it?" He lists 24 standard causes of human misjudgment, including reinforcement and incentives. 'If there's anything valid in psychology, economics has to recognize it'
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