Behind The Markets Podcast: Bob Pisani
Behind the Markets Podcast
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The Biggest Mistake in Behavioral Economics - Overconfidence
Dan: I made a decision very early on to tell people what I own. And there is a very serious problem in behavioral economics about... One of the mistakes people make is they fall prey to biases, and one of the most serious ones is overconfidence. He says he was so enamored with Jack Welch who, as you know, was a god at that time. "I knew Jack and we thought he could do no wrong," Dan said.
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