Are you confused most of the time?
I recently read a book (Thinking Fast and Slow), and I would like to share some useful information with you. I hope it will be useful to you.
When we make decisions, we are easily affected by the following biases, and the last one is the most important.
1. Typicality Preference: People pay too much attention to typical events and ignore the probability behind the typical events.
2. Availability Preference: If something is more likely to appear in the brain, people think it is more likely to happen.
3. Causality Preference: Explain the causal relationship of things, even if the explanation is unreasonable. This is also one of the reasons for superstition.
4. Halo Effect: After receiving some information about things, this information will affect the overall judgment and understanding of things.
5. Anchoring Effect: Before evaluating unknown things, estimate a reference answer first, and then adjust it according to the anchor value. If the anchor value is affected by the outside world, the evaluation will be affected.
6. Framing Effect: Different descriptions of the same problem will lead to completely different judgments.
7. Endowment Effect: After owning an item, you will feel that it is more valuable. It is the same when we buy coins. Sometimes we follow others to buy coins inexplicably without understanding the background of the coin. Even when the price drops, we are reluctant to sell and keep adding positions, and finally we are trapped deeper and deeper. We must stop loss in time, don't hold all positions, and leave ourselves a chance to turn around. Remember that there is no shortage of opportunities in the coin circle, but how to survive in this environment of intrigue and deception.
Friends who can see this mean that you want to make progress too much. Follow me and let's make progress together. I usually like to read books on economics, history and psychology, and I will come here to share often. #bebe
