December 24, 2013

3 - The Adderall Society

Why? Experts have a lot invested in the theories they've developed to explain the world. And after a few years of working on them, they tend to see them everywhere. For example, bullish stock analysts banking on rosy financial scenarios were unable to identify the housing bubble that nearly bankrupted the economy—even though the trends that drove it were pretty clear to anyone looking. It's not just that experts are vulnerable to confirmation bias—it's that they're especially vulnerable to it.

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