This is the Janko Underground Podcast number 112 sitting with Echo Charles New Year's New Year

2024 January reactive devaluation.

Occasionally I find things that sound cool. That one definitely sounds cool. Let's face it

Reactive devaluation what this is I'm gonna read a definition refers to our tendency to disparage proposals made by another party, especially if this party

is viewed as negative or antagonistic.

This cognitive bias can serve as a major barrier in negotiations.

All right, so that's the definition from,

there's a website called the Decision Lab.com.

It's actually a very cool website

and it has every cognitive bias

How many cognitive biases do you think there are? I don't know

There's more than that. There's more than you think that there is.

I think there's like 15.

And there's not. There's a way more than that.

So this one has, I don't know if it has every single one, but it has many, many of them.

Because we covered kind of them because we covered

kind of biases because they're so important to understand no but we've only

scratched the surface now look some of them are probably more rarely you know viable than others others

you're probably just bouncing into them all the time but this one it definitely is something that people should think about and be aware of because it can really jam you up

You know you want to get jammed up trust me

So I think especially as we look at what's going on with America right now and not just America, but the whole world.

So what this is, reactive devaluation.

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