Representative bias can be overcome by seeking out diverse sources of information rather than relying on the same types of sources, avoiding making quick judgments without considering different perspectives, keeping an investment diary to reflect on past decisions and how representative or diverse the information was, being aware that representative bias can influence decisions, and thinking like statisticians by considering the diversity of variables that influence outcomes rather than stereotyping.
Representative bias can be overcome by seeking out diverse sources of information rather than relying on the same types of sources, avoiding making quick judgments without considering different perspectives, keeping an investment diary to reflect on past decisions and how representative or diverse the information was, being aware that representative bias can influence decisions, and thinking like statisticians by considering the diversity of variables that influence outcomes rather than stereotyping.
Representative bias can be overcome by seeking out diverse sources of information rather than relying on the same types of sources, avoiding making quick judgments without considering different perspectives, keeping an investment diary to reflect on past decisions and how representative or diverse the information was, being aware that representative bias can influence decisions, and thinking like statisticians by considering the diversity of variables that influence outcomes rather than stereotyping.