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293 Annie Duke: Know When to Fold Em

Disrupt Yourself Podcast with Whitney Johnson

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Loss Aversion Is a Problem With Starting

Loss aversion is a problem with starting. When we're thinking about like, should I do this, this or this, we think about what are the possible losses that might be associated with any of those things. And so where we are right now has to be so bad that we're willing to give it up. So when we're facing down the quitting decision, it's also facing down a new starting decision.

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