I have a theory that a lot of mental biases could be explained by energy minimization - changing beliefs requires brain reconfiguration which is expensive, so we tend not to do it... unless it's imperative to survival.
I am pretty sure this is a very variable trait among humans, some change their mind easily others almost never change their mind. Its expensive as you say, probably communities survive best when some change their mind easily and most keep their mind steady and only change when presented overwhelming evidence (usually from the minority that easily change).
Sounds like a lot of management and executives I've ever worked with honestly
During the Second World War, the physicist Enrico Fermi asked General
Leslie Groves how many generals might be called ‘great’, and
why. Groves replied that any general who won five major battles in a
row might be called ‘great’, and that about 3 in every 100 would
qualify. Fermi countered that if opposing forces are roughly equal,
the odds are 1 in 2 that a general will win one battle, 1 in 4 that he
will win two battles in a row, 1 in 8 for three battles, 1 in 16 for
four battles, and 1 in 32 for five battles in a row. ‘So you are
right, General, about three in a hundred. Mathematical probability,
not genius’.
[1] quoted from (PDF): https://www.cambridge.org/core/services/aop-cambridge-core/c...The next day, half of them will see you got the prediction correct. Of those, send a further half a prediction that it will go up, and the other half that it will go down.
After 7 total rounds you’ll have 16 people that have seen you consistently predict the market for 7 days.
Sell them your next prediction.
Being lucky is an option. ("I shall cause it to rain" and it just so happens to rain.)
Outsmarting your client is another option. ("I shall cause it to rain... tomorrow" - meanwhile, you have used meteorology to predict that it will rain tomorrow.
Lies and rumors are a third option. ("That magician can make it rain! I saw it with my own eyes!" meanwhile it's actually just a baseless rumor which has circulated around town for a while.)