Fundamental Attribution Error

We attribute the reason of our own(or of our friends) failures to the environment, but the failures of others(or our enemies) to their character.

Eg. We were late because there was a huge traffic jam - but the other person was late because they are tardy.

The context or the person's situation is a better predictor for their behavior.

Links to this note

Risk Schmisk - Annie Duke

Expected Value: Theoretical net positive or negative of a given event over time. Volatility > Luck: How much variation there is around the expected value Risk Management: How much should should be invested in an event proportional to the

Self-Serving Bias

Self-Serving bias is a cognitive process to maintain a favorable perseption of oneself. We tend to associate our good outcomes to our actions - but bad outcomes we attribute it to external factors. Eg. I got a 90% is maths because I studie

Meta

Published on: Jul 15, 2021

Source: Link to Source

Tagged With: