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Quote by Deanna L. Lawlis

“When you're a baby you get Luvs, Pampers, and Huggies, but when you're an adult... it Depends.”

Quote by Deanna L. Lawlis

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Deanna L. Lawlis

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“The sheer number of new businesses that fail speaks to the optimism of entrepreneurs to wander down such a gauntlet, and their willingness to believe that norms don't apply to them. But on average, of course, they do.”

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“Tread carefully when making assumptions based on representativeness. If it walks like a duck and talks like a duck, it might not be a duck.”

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“Money illusion is also why your Uncle John still gives you $50 per year for your birthday. That's the same amount that he's given you since you were born, and it used to be a tidy sum of money back then.”

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“The more times in a row that the coin lands on heads, your confidence in calling heads will grow, even though the odds have not changed.”

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“Anticipating the pain of regret if the odds don't play out as expected can impel you to play your hand prematurely. This is why a plaintiff may settle for a reduced award rather than take their chances in a court.”

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“With gambling or investing, if your gains are quick and easy, you will tend to keep the money in a separate mental account. So, if you subsequently lose it, you won't feel as upset as you'd think if you lost the money you brought to the casino. Yet, they are both pots of currency.”

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“You're more inclined to make a new investment after having success on your most recent transaction.”

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