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#609 - Uri Gneezy - How To Understand Psychological Incentives
Modern Wisdom
The Role of Anchoring Bias in Productivity
Anchoring bias and expectations are doing a lot of the heavy lifting. We have this price equals quality in our brain, which is true in many cases. If you want to buy a laptop with more memory, it's going to cost you more. But in some cases, this is just in your brain. And you need to know where to.
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