Rekt Frens Documentation
  • ๐Ÿธ Introduction to Rekt Frens
  • ๐Ÿ™‚ Anti-Fragile Community
  • Overview
    • ๐Ÿ“„ What is ERC-404
    • ๐Ÿ“œ What is DN-404
    • ๐Ÿ‘ Benefits of DN-404
  • FRENS Token
    • ๐Ÿง  FRENS Usecase
    • ๐Ÿ“ˆ FRENS Tokenomics
    • ๐Ÿ’ก NFT Usecase
    • ๐Ÿ“Š NFT Tokenomics
    • ๐Ÿ”„ Arbitrage Opportunities
  • Treasury
    • ๐Ÿ’ฐ Community Treasury
    • โš™๏ธ Treasury Mechanics
    • ๐Ÿค‘ Revenue Share
    • ๐Ÿ›’ Buybacks
  • Investment Strategy
    • โ†ช๏ธ Crypto Market Cycles
    • โคด๏ธ Altcoin Indicator
    • ๐Ÿ’Ž NFT Volume
    • ๐ŸŒ Social Media Charts
    • ๐Ÿšฆ Entry / Exit Signals
  • Community
    • ๐Ÿ™‹โ€โ™‚๏ธ X
    • ๐Ÿ“บ YouTube Channel
    • ๐Ÿ‘พ Discord Server
    • ๐ŸŒŒ Galxe Campaigns
  • Psychology
    • ๐Ÿ Herding Effect
    • ๐Ÿ˜“ Loss Aversion
    • ๐Ÿคช Overconfidence
    • ๐Ÿ˜ต Confirmation Bias
    • ๐Ÿ™ˆ Availability Heuristic
  • Sources
    • ๐ŸŽฏ Into The Cryptoverse
    • ๐Ÿฒ Black Dragon
    • ๐Ÿ’ช 1000x Group
    • ๐Ÿ’ฒ Dollar Vigilante
    • โ‚ฟ Crypto Vigilante
    • ๐Ÿ™‹โ€โ™‚๏ธ Crypto ๐•
  • FAQ
    • โ“ Frequently Asked Questions
  • Official Links
    • ๐Ÿค Socials
    • ๐Ÿ” Contracts / Wallets
    • ๐Ÿ”Ž Audits
  • Rekt Frens Website
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  1. Psychology

๐Ÿ˜ต Confirmation Bias

Confirmation bias represents the tendency to seek, interpret, or recall information to affirm preexisting beliefs. This manifests in crypto investors dismissing evidence contradicting their market theses while over-indexing on supporting data points.

Rekt Frens short-circuits confirmation bias through exposing members to clustered counter-perspectives in digestible frameworks. By curating balanced dialogue around market phenomena, we highlight logical gaps or incomplete narratives missed by individuals seeing only what validates their own lenses.

The community's culture of peer review also targets confirmation bias. We actively discuss alternate explanations to any well-reasoned analysis, stress testing its logical cohesion. This constructive contrarianism strengthens overall explanatory power and prompts revisiting assumptions.

Further, Rekt Frens' treasury management process considers all endogenous signals and exogenous models when evaluating conditions. We emphasize multifactor dashboards weighing quantitative metrics and qualitative insights in unison. This comprehensive synthesis breaks singular information silos, while the community's oversight keeps interpretation honest.

By incentivizing seeing all sides, seeking contrary advice, and integrating dispersed data flows into unified frameworks, Rekt Frens undercuts the human penchant for confirmation biases. We lead members to truths subtler than any individual can initially conceive.

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Last updated 1 year ago