The Bacons of Truth cognitive framework
Human beings systematically fail to reach objective truth due to predictable, historical cognitive biases first categorized by Roger and Francis Bacon.
The argument
The host outlined Roger Bacon's four obstacles to truth (unworthy authority, custom, popular opinion, and concealment of ignorance) and Francis Bacon's four idols of the mind (tribe, cave, marketplace, and theater). He argued these medieval and early modern frameworks directly map onto modern behavioral finance and cognitive biases.
Hear it yourself
"They both anticipated in their own way actually, modern behavioral science what, you know, the human error isn't random, it's systematic. And if you merge Rogers obstacles with Francis's idols, you end up with something that that looks strikingly like cognitive bias framework."
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