Jason HartmanCEO of Empowered Investor and Real Estate Tools

The Negative Bias Of Human Mind!

Name: The Negative Bias Of Human Mind!
Uploaded: 2024-03-13T22:29:39+00:00
Duration: 59 s
Channel: Jason Hartman
Description: In this talk, the speaker argues that pervasive negative media and hype‑driven investment promoters create a massive opportunity cost by discouraging…

13 Mar 2024 · 1 min

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In this talk, the speaker argues that pervasive negative media and hype‑driven investment promoters create a massive opportunity cost by discouraging people from taking action. While regulators like the FTC can shut down fraudulent promoters, many purveyors of negativity remain unchecked, leading to lost opportunities. The speaker explains that this bias stems from an evolutionary adaptation: for most of human history our minds were tuned to detect threats in a world of scarcity. Since the Industrial Revolution, however, we now live in relative abundance, but our brains have not yet reconditioned to this new reality, so we continue to over‑react to negative information.

Chapters

If someone is selling an investment and they're out there making lots of promises, lots of hype, the FTC is going to shut them down and people are going to sue them because they're promising things they didn't deliver. But the dog that didn't bark is all of the purveyors of negativity out there are causing people to not take action and they are having a huge opportunity cost. Why isn't anybody suing them? It's an interesting thought because all of this negative media is causing people to lose opportunities. But that's the world we live in. And look throughout history for eons of time our minds were honed to make us survive, to make us keenly aware of threats in our environment. So we are very good at spotting negativity because through most of our history, until literally just recently, like the Industrial Revolution, we lived in an environment of threat and scarcity and now we live in an environment of abundance and opportunity and it's going to take a long time to recondition our minds.