Lessons from Linda
An Introduction to "Standard Thinking Errors"
Charlie Munger is the first lawyer I knew who carefully studied “standard thinking errors.” He talked about them in his famous speech on The Psychology of Human Misjudgment.
My last email offered a well-known test of one type of thinking error known as the conjunction fallacy. As I write this, 162 people took the test and 36% fell prey to the conjunctio…
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