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TIP609: Fooled by Randomness by Nassim Taleb

We Study Billionaires - The Investor’s Podcast Network

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Emotional Decision-Making in Trading

This chapter explores the profound impact of human emotions on decision-making and risk perception in trading. Employing examples such as insurance investments influenced by vivid threats and media amplification, it reveals the psychological pitfalls traders face, including survivorship bias and emotional investment attachment. The chapter emphasizes the necessity of adaptability and sound strategies in navigating market unpredictability and the importance of learning from both personal and collective trading experiences.

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