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S E48: Behavioral Economics - We're only human!

Think Like An Economist

CHAPTER

A Good Probability Calculator Can Help You Assess Probability

There are three kinds of biases we all tend to have that can get in the way of us doing a good job assessing probability. Danny carniman would tell us to stop a moment and think more deliberately about these risks. Slow, deliberate thinking has made me much more afraid of mosquitoes than i am of sharks or planes.

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