We Study Billionaires - The Investor’s Podcast Network cover image

TIP610: Mastermind Q1, 2024 w/ Tobias Carlisle and Hari Ramachandra

We Study Billionaires - The Investor’s Podcast Network

NOTE

Overconfidence in Decision-Making

People tend to collect information that aligns with their preconceived beliefs, dismissing contradictory evidence, leading to overconfidence rather than accuracy in decision-making. Research with college students selecting top-performing football teams showed that individuals anchor heavily on initial data, neglecting subsequent information that should inform their choices and make them more flexible and accurate in their predictions.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner