Regular readers know I am a huge fan of behavioral economics and cognitive foibles.
I spoke recently to someone about some of my favorite errors — one of the questions that came up was how can we depict these biases, cognitive deficits, and wetware deficiencies in a photograph.
Most of what I think of as investor errors are rather internalized — excess optimism, selective perception, confirmation bias, flawed belief systems, unwarranted assumptions, etc.
Gary Larson of the Far Side had some great visuals, but i am somewhat stymied.
Short of someone with a thought balloon over their head revealing their own bias, how can this be shown?