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Do You Think Fast or Slow? Book Insight on Thinking Fast and Slow by Daniel Kahneman

Book Insights Podcast

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Overconfidence Is the Engine of Capitalism

Overconfidence and loss of version seem to be acting in opposite directions. We weigh potential losses much higher than we weigh potential gains. Avoiding regrets is more important to us than perceiving opportunities. Kahneman admits that the optimistic risk-taking of entrepreneurs contributes to the economic dynamism of society.

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