Kantian Fairness Tendency
Number 24 Of The 25 Cognitive Biases...
We know life isn't fair but we can't come to terms with this truth.
A small amount of unfairness can make an entire ecosystem function more efficiently.
Examples Of The Kantian Fairness Tendency Bias
Life isn’t fair, but many can’t accept this. Tolerating a little unfairness should be okay if it means a greater fairness for all. The example Munger uses is letting in other drivers on the freeway knowing they will reciprocate in the future.
How To Avoid Falling Victim To The Kantian Fairness Tendency Bias
Tolerate a small amount of unfairness from time to time with the hope you'll be repaid in the near future.
This may mean letting a driver merge in-front of you or perhaps carrying more physical load for a short amount of time to benefit your group.
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Delay The Instant Gratification
Don’t adopt the epicurean mentality of “eat, drink and be merry for tomorrow we die.”
You must think long term, you must delay the instant gratification we’re so used to experiencing in this life and invest for tomorrow (stoicism).
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