Excessive self-regard tendency

What it is

Munger's name for over-rating ourselves, our possessions, our children and our decisions, and so being too slow to see our own faults.

Related

• Overconfidence effect bias
  Munger's excessive self-regard is the root of overconfidence about ourselves.
• Endowment effect bias
  Munger counts the extra value we place on what is ours under excessive self-regard.
• Self-serving bias bias
  Rating ourselves highly and crediting our successes to ourselves go together.
• Special pleading fallacy
  Asking for an exception for ourselves comes naturally when we regard ourselves as special.
• Appeal to flattery fallacy
  Flattery works because we are inclined to think well of ourselves.
• Not-invented-here syndrome bias
  We prize our own group's ideas for being ours.

Appears in

• Munger's 25 standard causes of human misjudgment#12: Excessive self-regard tendency

References

• Wikipedia: Excessive self-regard tendency en.wikipedia.org
• Munger's 25 standard causes of human misjudgment fs.blog
• Wikipedia: List of cognitive biases en.wikipedia.org
• Wikipedia: Cognitive bias codex en.wikipedia.org

More in “The self: ego, emotion and motivated belief”