Bitcoin Group Bias Illusion Authority


When the Highest Paid Person Opinion (HIPPO) is never questioned —

As discussed in the previous article on biases, we can understand some of the misconceptions around Bitcoin by looking at different cognitive biases and their effect on people’s understanding of bitcoin the asset and Bitcoin the network.

“A cognitive bias is a systematic pattern of deviation from norm or rationality in judgment. Individuals create their own “subjective reality” from their perception of the input. An individual’s construction of reality, not the objective input, may dictate their behavior in the worl​d.” –Wikipedia

Leave A Reply

Your email address will not be published.