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Showing posts with label self-enhancing transmission bias. Show all posts
Showing posts with label self-enhancing transmission bias. Show all posts

Friday, 11 July 2014

S is for Self-Enhancing Transmission Bias

Self-Enhancing Transmission Bias is what everyone does when they talk about themselves: they big themselves up and conveniently forget about their mistakes. And as everyone does this across a network you will get an amplification effect: everyone is great at investing and no one ever gets stuff wrong. And the more we broadcast, the greater the effect.