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272. Stuart Vyse — The Uses of Delusion: Why It’s Not Always Rational to Be Rational

The Michael Shermer Show

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Is That a Rational Irrationality?

Venture capitalists say for every 100 pitches they fund, maybe ten are successful. The rest go out of business. Is that a rational irrationality? It is to a degree. I think the over confidence in a business or some other enterprise like that is most valuable after you've launched it.

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