Bitcoin Group Bias Phantasm Authority

When the Highest Paid Person Opinion (HIPPO) is never questioned —

When the Highest Paid Particular person Opinion (HIPPO) is rarely questioned —

As mentioned within the earlier article on biases, we are able to perceive among the misconceptions round Bitcoin by taking a look at completely different cognitive biases and their impact on folks’s understanding of bitcoin the asset and Bitcoin the community.

“A cognitive bias is a scientific sample of deviation from norm or rationality in judgment. People create their very own “subjective actuality” from their notion of the enter. A person’s building of actuality, not the target enter, could dictate their conduct within the worl​d.” –Wikipedia

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