Jim Leitner on Confirmation Bias
- Posted by Ivanhoff
- on May 19th, 2010
Humans in general are biased and look for confirmatory evidence. When someone is bullish on oil, they tend to pick the pro-oil arguments in whatever they read. Very few people train themselves to look for dis-confirming evidence.
It is very difficult to practice the latter, but you should train yourself to ask why you believe your longs might go down, not why they should go up.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
blog comments powered by Disqus-
My name is Ivan Hoff. I am a stock trader. I manage Stocktwits 50, Stocktwits Email and was featured in The Stocktwits Edge, which I edited. (More) -
Recent Posts
- 10 Insights I Learned from Benjamin Graham
- House of Mirrors
- 10 Insights from Abnormal Returns – The Book
- Market Games
- Market Noise or Why Recency Bias Hurt Us
- The Spike In Gold Is Not a Good Sign for the Stock Market
- There Is a Difference Between Knowing and Doing
- 10 Ways to Make Sense Out of the Market Insanity
- The Sleep Index Has Not Been Sleeping
- The Most Important Stock Market Leading Indicator Today
-
Archives
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- June 2008
-
