Ep. 750: Eclectic Mega Episode with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Dangers of Outcome Bias
Aaron Carroll: People need to be very aware of investors and traders in particular. He says once you've seen an outcome we create a narrative to explain that outcome right and then we follow it in our minds. We start to believe what happened was the only thing that could have happened, he says. The idea of outcome bias really clouds our ability to assess the quality of our thinking or decision making said Carroll.
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