1min snip

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

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode