HomeCognitive BiasesSene­sce­nce­-Mi­sin­flu­ence Bias

Sene­sce­nce­-Mi­sin­flu­ence Bias

Sene­sce­nce­-Mi­sin­flu­ence Bias


Number 19 Of The 25 Cognitive Biases... 

As we age there is a natural loss of certain skills and abilities.

Examples Of The Sene­sce­nce­-Mi­sin­flu­ence Bias

Sadness comes in the form of regression. (this is due to the contrast bias)

Build good will in other people – help them, give them gifts etc. as this is known as ‘building forgiveness’.

Build forgiveness with your body by going to the gym.

Build forgiveness with your bank account by saving and investing instead of squandering your income.

Build forgiveness with your joints by stretching and performing yoga on a regular basis.

Do what’s hard when it’s easy

How To Avoid Falling Victim To The Sene­sce­nce­-Mi­sin­flu­ence Bias

Life long learning in the form of reading books, attempting new skills and being curious in general will slow down this entropy (decay over time)

Want To Know More About Charlie Munger's Cognitive Biases & How To Dominate Life? 

Charlie's almanack

I recently purchased Charlie Munger’s flagship book, Poor Charlie’s Almanack – a book filled with hundreds of pages of wisdom from a billionaire and master of mindset and mental frameworks to improve your life..

This book cost me $65 USD. To most this will seem absurd…

“$65 for a book?! What a waste of money”

…these are the same people that spend hundreds of dollars on junk food and alcoholic beverages on Friday and Saturday night.

See also
Over-Optimism Tendency Bias

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).

“Don’t invest in things that’ll rust, rot or depreciate, invest in things that’ll be worth more later or make you be worth more later”.

The information in this book is worth well over $65 if read and implemented, the information on investing and cognitive biases is worth its weight in gold.

But remember, It’s the application of knowledge that counts, not just the acquisition (read it and take action!)

Check it out and grab your copy of Poor Charlie’s Almanack here.

Scott J.
Scott J.
I’m SJ. I’m a fitness enthusiast and published author. I transformed my body from a skinny fat 135lbs with 18% body fat to a solid 192lbs at 8% body fat. I became qualified in a field I was passionate about. I founded several online businesses that allow me to pursue ideas and projects in my life that I am passionate about without having to constantly worry about money. I published several eBooks explaining the training and dieting techniques I used to achieve the body I have today. I learnt a plethora of new information on dieting and fitness by reading and applying what I read, to find out what does work and what doesn’t work, because as I’m sure you’ve noticed the health and fitness industry is full of non-sense claims and BS. I found out what was true and what worked for me and applied that knowledge. And you bet I had fun during the whole process.

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