“In trying to make sense of this pessimism, Ridley, like Kahneman, sees a combination of cognitive biases and evolutionary psychology as the core of the problem. He fingers loss aversion—a tendency for people to regret a loss more than a similar gain—as the bias with the most impact on abundance. Loss aversion is often what keeps people stuck in ruts.”
Quote by Peter H. Diamandis
Author
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Source: Unbiased Investor: Reduce Financial Stress and Keep More of Your Money
Source: Unbiased Investor: Reduce Financial Stress and Keep More of Your Money
Source: Unbiased Investor: Reduce Financial Stress and Keep More of Your Money
Source: Unbiased Investor: Reduce Financial Stress and Keep More of Your Money
Source: Unbiased Investor: Reduce Financial Stress and Keep More of Your Money
“One who is not afraid to die lives, and one who is afraid to live dies.”
“Calculated risk is an opportunity; careless risk a potential tragedy.”
Source: ABSOLUTE