Lesson 1 of 4
Confirmation Bias
Your brain has a full-time job: making you feel right. Confirmation bias is the tendency to search for, interpret, and remember information that confirms what you already believe, and ignore everything that doesn't. It's the reason two people can read the same article and come away with opposite conclusions.
Source Wason, P.C. (1960). On the failure to eliminate hypotheses in a conceptual task.
To fight confirmation bias: actively seek out the strongest arguments against your position. This is called steelmanning. Great scientists and investors do it routinely. Charlie Munger called it "inverting", think about how you could be wrong.
Quick quiz
A researcher reads only studies that support their hypothesis while ignoring contradicting evidence. This demonstrates:
