Dr Michael Shermer – Confirmation Bias affects everybody

Dr. Michael Shermer

Dr. Michael Shermer

Dr Michael Shermer talks to me about Confirmation Bias, a cognitive phenomenon that affects just about everybody and yet hardly anybody knows that they are a victim. Do you sometimes feel like “the market” is out there to get you? Isn’t it amazing how often the phone rings and somebody you just thought of is calling you? Have you ever bought a new car and suddenly you see so many more people driving exactly that car of your choice? It has all got to do with Confirmation Bias and while the above examples are all kind of harmless, people in general and especially investors should be aware of it and be careful – Confirmation Bias can certainly cause harm too.

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A few more lines on Dr. Shermer (I just blatantly steal these lines from his web site):

Dr Michael Shermer is the Founding Publisher of Skeptic Magazine, a monthly columnist for Scientific American, a regular contributor to Time.com, and Presidential Fellow at Chapman University. He is the author of numerous books (for the latest one, see link below) and has given three, yes three TED talks. He has been a college professor since 1979, also teaching at Occidental College, Glendale College, and Claremont Graduate University, where he taught a transdisciplinary course for Ph.D. students on Evolution, Economics, and the Brain. As a public intellectual he regularly contributes Opinion Editorials, book reviews, and essays to the Wall Street Journal, the Los Angeles Times, Science, Nature, and other publications. Dr. Shermer received his B.A. in psychology from Pepperdine University, M.A. in experimental psychology from California State University, Fullerton, and his Ph.D. in the history of science from Claremont Graduate University. He appeared on such shows as The Colbert Report, 20/20, Dateline, Charlie Rose, and Larry King Live – and now he even has an appearance on the Gutrade Podcast under his belt, something I am sure he is almost as proud of as I am for having been able to talk to one of my personal heroes.

Links

http://www.michaelshermer.com/ 

http://www.skeptic.com/

The Moral Arc http://www.amazon.com/dp/0805096914/ref=cm_sw_su_dp?tag=skepticcom-20 

TED Talk: https://www.ted.com/talks/michael_shermer_on_believing_strange_things

TED Talk: https://www.ted.com/talks/michael_shermer_the_pattern_behind_self_deception

More on Confirmation Bias

http://psychology.about.com/od/cognitivepsychology/fl/What-Is-a-Confirmation-Bias.htm

http://en.wikipedia.org/wiki/Confirmation_bias

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