InvestorsHub Logo
Followers 127
Posts 33487
Boards Moderated 3
Alias Born 11/17/2009

Re: B402 post# 44

Sunday, 06/28/2020 9:09:02 AM

Sunday, June 28, 2020 9:09:02 AM

Post# of 211
"Believing you know something you dont" Dunning-Kruger wasn't just talking about the lower 12%. Cognitive Bias is even worse for the rest of us....

The bottom 12%, let's call them the extremists, the flat earthers, whatever, they don't have the reasoning power to figure out they are wrong in the first place..So it's like arguing with a drunk and all your reasoning and effort is wasted....But perhaps it easier to name call and fight with the drunk than it is to realize our own biases...

I liked the part about someone spends an hour researching climate change and then proceeds to argue with a climatologist...Not that researching on the internet to get a feel for something is bad..

Our problem lies when a Nurse tells us how screwed up the medical profession is getting...We don't listen to her life of experience, we.are.smarter than her/him and know our medical profession is the best in the world,,,,,Well, it used to be..

So was education, So was our way of life, so was the promise for our children, so was our attitude and commitment to each other as a people as a whole,,,,then we could do great things and had wealth left over to try and change the world too...

No, all too many of us listen to the corporate rhetoric, conform to it and believe it...And since we are smarter and have built up a bias and the negative doesn't affect us (yet), 'We believe we Know something we Don't'

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.