# The Bias Blind Spot Bubble: A Lesson from Basketball

As March Madness approaches, it’s a good time to reflect on the biases that can cloud our judgment, both in sports and in investing. A recent experience at a basketball game taught one individual a valuable lesson about his own bias blind spot bubble.

## The Story

The individual recounts being a dedicated fan of the New York Knicks during the era of players like Patrick Ewing and John Starks. Frustrated with what he perceived as biased officiating in favor of teams like the Chicago Bulls, he attended a college basketball game with a friend who was an avid supporter of the home team.

Throughout the game, the friend passionately disputed the referee’s calls, convinced that they were incorrect. However, as an impartial observer with no emotional investment in the outcome, the individual was able to see the game from a different perspective. He realized that his biases as a fan had colored his perception of the officiating and the game itself.

## The Lesson Learned

The experience served as a wake-up call for the individual, highlighting the extent of his bias blind spot bubble. Despite his knowledge of behavioral finance and cognitive biases, he had fallen victim to the same errors he often observed in others. This realization was both humbling and enlightening, leading him to acknowledge the importance of humility and self-awareness in decision-making.

## FAQ

### What is a bias blind spot bubble?

A bias blind spot bubble refers to the tendency to be unaware of one’s own biases and how they influence decision-making and perception.

### How can I overcome my bias blind spot?

Overcoming bias blind spots requires self-awareness, humility, and a willingness to challenge your assumptions and beliefs. Seeking feedback from others and considering multiple perspectives can also help mitigate the impact of biases.

## Conclusion

The story of the bias blind spot bubble serves as a powerful reminder of the pervasive nature of cognitive biases and the importance of remaining vigilant against them. By recognizing our inherent biases and actively working to mitigate their influence, we can make more informed and rational decisions in both sports and investing. Embracing humility and a willingness to challenge our own assumptions are key steps in overcoming our bias blind spots.