Bitcoin, Group Biases And Illusion Of (The) Authority
A look at biases and the illusion of the authority of CEOs, presidents and other high profile figures. When the Highest Paid Person Opinion (HIPPO) is never questioned — ignorelimits.com As discussed in the previous article on biases, we can understand some of the misconceptions around Bitcoin by looking at different cognitive biases and their effect on people’s understanding of bitcoin the asset and Bitcoin the network. “A cognitive bias is a systematic pattern of deviation from norm or rationality in judgment. Individuals create their own “subjective reality” from their perception of....
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