Sebastian Brockhaus

[Sebastian Brockhaus @batzebrockhaus]

The Dumbest Trade War in History https://t.co/XWcmU7m4Hu

[Sebastian Brockhaus @batzebrockhaus]

U.S. Importers Are Pulling in Goods Early as Possible Port Strike Draws Closer #OSM311 https://t.co/xYRCMgERjk

[Daniel Mahncke @MnkeDaniel]

12 Biases that distort your Decision-Making:

1. Confirmation Bias - We interpret new information as confirmation of our existing beliefs.

2. Availability Bias - We tend to rely on information that comes to our mind easily/the quickest.

3. Action Bias - We favor action over inaction. That's why we sell or buy prematurely.

4. Zero-Risk Bias - If a risk is considered small, we assume there is no risk at all.

5. Overconfidence - We overestimate our own knowledge and ability.

Often because we know too little to know better. (Less knowledge => more confidence)

6. Survivorship Bias - This is a sample bias that occurs when we assess only successful outcomes and disregard failures.

7. Gambler’s Fallacy - We tend to think that past events affect future possibilities.

8. Dunning-Kruger Effect - The less you know, the more confident you are.

The more you know, the less confident you are.

9. Cause-Effect Fallacy - We always look for cause-effect relationships.

Thus, we find patterns even in totally random data.

10. Hyperbolic Discounting - We are wired to prefer instant gratification (e.g. payouts).

Even when offered significantly more in the future.

11. False Consensus Effect - Too often, we overestimate the degree to which others agree with us.

12. Psychological Denial - When something terrible happens, we tend to fall into a state of denial.

[Sebastian Brockhaus @batzebrockhaus]

AstraZeneca teamed up with Oxford to provide a low-cost Covid-19 vaccine to the world, but production stumbles are now threatening reputational damage. #SCM361 https://t.co/3tKpqNbcOH

[Sebastian Brockhaus @batzebrockhaus]

Thousands of airline workers have taken leave and retirement packages but weak demand forces more job losses. #SCM301 https://t.co/eLJwrJtzi3

[Sebastian Brockhaus @batzebrockhaus]

What will your college campus look like this fall? The answer is different depending on the school. Some quads will be empty. Others, full of mask-wearing students. https://t.co/NwgMyTTTBH

[Sebastian Brockhaus @batzebrockhaus]

Commerce Secretary Wilbur Ross, speaking of the coronavirus outbreak in China, said: ‘I think it will help to accelerate the return of jobs to North America’ #SCM361 https://t.co/Ahft3BC6zc via @WSJ

[Sebastian Brockhaus @batzebrockhaus]

#SCM301

[Sebastian Brockhaus @batzebrockhaus]

Grocery Store Wars #SCM301 https://t.co/fT3HfaNA8H

[Sebastian Brockhaus @batzebrockhaus]

Ford and Jim Hackett's big bet on an electric Mustang #SCM301 #SCM405 https://t.co/Z1WyumA54A

[Sebastian Brockhaus @batzebrockhaus]

Lean in the theater! #SCM301 #SCM405 https://t.co/BWHiZ6YpZO

[Sebastian Brockhaus @batzebrockhaus]

United Auto Workers go on strike at GM’s U.S. factories #SCM301 #SCM405 https://t.co/cJy4p9GmBF via @WSJ

[Sebastian Brockhaus @batzebrockhaus]

359. Should America Be Run by ... Trader Joe's? (Rebroadcast) #SCM301 #SCM405 https://t.co/IOmwqNZCCJ

[Sebastian Brockhaus @batzebrockhaus]

#SCM301 #SCM405 https://t.co/j9dY80P9n0

[Sebastian Brockhaus @batzebrockhaus]

15 Minutes to ‘Mayhem’: How a Tweet Led to a Shortage at Popeyes #SCM301 https://t.co/s64xeUkNB0

[Sebastian Brockhaus @batzebrockhaus]

Regulators, passengers and investors in Boeing are weighing in after the fatal crash in Ethiopia raised safety concerns #SCM361 https://t.co/jmQ9H1DbQL via @WSJ

[Sebastian Brockhaus @batzebrockhaus]

Radio Replay: Creative Differences #SCM361 https://t.co/n4xAYxcOOL

[Sebastian Brockhaus @batzebrockhaus]

364. Inside the Sports-Industrial Complex #SCM361 https://t.co/Xc5foRFeDN

[Sebastian Brockhaus @batzebrockhaus]

“Sometimes China is the easiest answer” says the CEO of Yeti. “But sometimes it’s not the best one for the long term.” #SCM301 #SCM361 https://t.co/FFvhsPyjZs via @WSJ

[Sebastian Brockhaus @batzebrockhaus]

U.S. debates lifting China tariffs to hasten trade deal, calm markets #SCM361 https://t.co/uSHDyugkVb via @WSJ