Ritwik Mehta

Data Engineering @ Oracle Financial Serv.
Becoming literate in Finance, Code and Pictures.

[Ritwik Mehta @MehtaRitwik]

“That was the cruelty of memory. The way it could ambush you. Take you out at the knees.”
― Anne D. LeClaire

[Ritwik Mehta @MehtaRitwik]

Halo Effect Bias 😇
The halo effect is a bias that claims that positive impressions of people, and products in one area positively influence our feelings in another area. If someone is successful or fails in one area, this can also unfairly colour our expectations of them.

[Ritwik Mehta @MehtaRitwik]

How to stay ahead? 🚶
Be wary of painting an all-rosy picture of someone that seems attractive before you gain information about the person.
If possible try to validate your assumptions. Take time to form firm opinions about others. Rely on data in case of products.

[Ritwik Mehta @MehtaRitwik]

" To expect total rationality either in humans or human institutions is expecting what's not going to happen." - Charlie Munger

[Ritwik Mehta @MehtaRitwik]

Anchoring Bias
Anchoring bias is a cognitive bias that causes us to rely too heavily on the first piece of information we are given about a topic. We interpret newer information from the reference point of our anchor, instead of seeing it objectively.

[Ritwik Mehta @MehtaRitwik]

How to stay ahead?
The first step is to recognise that anchoring bias exists and affects all of us.
Don't rely on a single source of information.
Proper assessment and valuation of events and situations can weaken this effect.

[Ritwik Mehta @MehtaRitwik]

@paraschopra Did you feel more energetic (in the sense of trying out new things) around 22-23 or 28-29?

[Ritwik Mehta @MehtaRitwik]

@Shrushti2000 More power to you.

[Ritwik Mehta @MehtaRitwik]

@alonemustnot Socha sabne, bola bs aapne.

[Ritwik Mehta @MehtaRitwik]

@chitralekhaaaa Personal attack.

[Ritwik Mehta @MehtaRitwik]

Curse of knowledge
A bias that occurs when an individual, communicating with others, assume that listeners have the background to understand.
Do- Try to get an idea of the perspective and understanding of the listener. Provide context, start from the basics and avoid assuming.

[Ritwik Mehta @MehtaRitwik]

@ishmohit1 Watch 12 angry men.

[Ritwik Mehta @MehtaRitwik]

@sahil_vi @mehrotra_saket Did you recommend him to listen to concalls? 😅