Cognitive Bias: Hot-Wiring Your Brain’s Instinctual Defaults – Tai Lopez | London Real


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Tai Lopez is a Millionaire Mentor, Author & Keynote Speaker
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Tai Lopez is no stranger to the London Real hot seat. He believes that most of the success issues that people have, as well as most social issues the world has, could find some solution in getting away from chewing gum entertainment and upping the consumption of history’s genius.

To recap on who exactly Tai is – for those who may have missed him first time round – he’s an investor, entrepreneur, author and renaissance man. As a self-made millionaire by his 20s, he has started and overseen the foundation of 20 multi-million dollar companies. He’s formed a business mentorship program and is perhaps best known for his ’67 Steps To The Good Life’ – a distilled and compact course that explores the finest lessons on success, drawn from 8000 years of human thought.

Tai also runs the world’s second biggest book club, only to Oprah’s, from his home in the Hollywood Hills. On his search for the Good Life, he’s come to seek knowledge from ancient and modern minds – reading one book a day! At last count his personal library contained over 5000 books. It’s fair to say he likes to read, and the results speak for themselves. Most of us struggle to read just one book every few months, by the end of today’s episode this may change. Enjoy!

http://www.tailopez.com/

Music “Cut & Run” & “The Complex” by Kevin MacLeod (incompetech.com)

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What is COGNITIVE BIAS? What does COGNITIVE BIAS mean? COGNITIVE BIAS meaning – COGNITIVE BIAS pronunciation – COGNITIVE BIAS definition – COGNITIVE BIAS explanation.

Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.

A cognitive bias refers to a systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion. Individuals create their own “subjective social reality” from their perception of the input. An individual’s construction of social reality, not the objective input, may dictate their behaviour in the social world. Thus, cognitive biases may sometimes lead to perceptual distortion, inaccurate judgment, illogical interpretation, or what is broadly called irrationality.

Some cognitive biases are presumably adaptive. Cognitive biases may lead to more effective actions in a given context. Furthermore, cognitive biases enable faster decisions when timeliness is more valuable than accuracy, as illustrated in heuristics. Other cognitive biases are a “by-product” of human processing limitations, resulting from a lack of appropriate mental mechanisms (bounded rationality), or simply from a limited capacity for information processing.

A continually evolving list of cognitive biases has been identified over the last six decades of research on human judgment and decision-making in cognitive science, social psychology, and behavioral economics. Kahneman and Tversky (1996) argue that cognitive biases have efficient practical implications for areas including clinical judgment, entrepreneurship, finance, and management.
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  1. Could I also direct people to check out Real London's interview with Dr Aubrey de Grey. I am in no way connected to him but a visionary who understands how important his work is.