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#24: Rishi Rawat – Intuition, Specialization & Buyer Psychology
The Josh Boone Show
Is There a Difference in the Risk of Buying a House?
Economists Dan Kenaman and other economists were able to, for the first time in the history of mankind, actually using empirical data show that we become less risk-averse, the bigger the risk is. And so I think it has something to do with buying a bigger item, that's a big risk. When you're talking about like 50 variables, even 40 variables, that combination is where the irrational ideas come from.
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