The Psychology of Human Misjudgement - Charlie Munger Full Speech
Why Hacker News recommends it
HN regards it as a classic to revisit every few years for improving decisions and self-awareness.
What it is
Audio of Charlie Munger's 1995 Harvard speech on the psychology of human misjudgment, laying out a framework of cognitive biases and mental models for decision making. It covers factors like incentives, social proof and denial.
Recommended by 6 HN commenters across 6 different months, 2014 to 2023.
What Hacker News said
Strong rec rasz_pl · 2016-06 · on “Johann Wolfgang von Goethe, Amateur Auction Theorist”
Unless you enjoy misery, trolling, and derive satisfaction from forcing other people to make stupid decisions. Personally I'm more than happy losing a bid if I make someone else suffer winner's curse just because they are blinded by escalation of commitment and a long list of other biases. One of my favourite speeches touching on the subject: The Psychology of Human Misjudgement - Charlie Munger Full Speech bit about auctions is at 59:30 [this video] text [LINK]
Strong rec eigenvalue · 2016-07 · on “The Psychology of Human Misjudgment (2005) [pdf]”
You can also listen to him giving this speech here: [this video] I revisit this material every couple years. It's so easy to fall into these traps in your thinking.
Strong rec cs702 · 2020-08 · on “Ask HN: What are some available force multipliers that most people don't know?”
Develop an intuitive understanding of the key mental models mentioned by Charlie Munger in his classic speech given to a Harvard class 25 years ago: "The Psychology of Human Misjudgment," by Charlie Munger [this video] [LINK] If I may paraphrase Mr. Munger, you never want to be a one-legged man in the ass-kicking contest of life.
Strong rec cainxinth · 2023-11 · on “Charlie Munger has died”
As billionaires go, he seemed unusually down to earth. I listen to his lecture on "The Psychology of Human Misjudgement" every few years: [this video]
Recommends timrosenblatt · 2014-09 · on “Ask HN: Practical formula for being relentlessly resourceful?”
Your first question is "can you make a conscious effort to get better at [being resourceful]?" The answer is almost certainly yes. Techniques for being resourceful are very specific to the individual, so what works for one person may not for another. That being said... The first thing I would do is meditate. It is becoming trendy, but I think for a good reason. By complete coincidence, [LINK] is a news article that showed up this morning. I think if a man like Steve Jobs arranges for a book on meditation (and self-actualization) to be given to the attendees of his own funeral, that is a powerful sign. Talk to other people about challenges you face. This sounds simple, but it is effective. An
Recommends melling · 2018-05 · on “Scientists think the cell nucleolus may play an important role in aging”
It’s not a rule but an observation. We can certainly become more self-aware and change our behavior. Munger’s Psychology of human misjudgment, for instance, is enlightening: [this video]
Cites rglover · 2020-02 · on “Past Time to Tell the Public:It Will Probably Go Pandemic, We Should Prepare Now”
For those uncertain of how to treat this information, these are the razors I've used on myself the past few weeks: [this video] [this video]