The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics cover image

176. Reframing Annoying Disruptions to Support Innovation, with Adam Hansen, coauthor of Outsmart Your Instincts

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

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Risk of Omission Versus Risk of Commission

CNN's John Sutter talks about the risks of omission and commission in photography. He says kodak invented digil, but didn't do enough to make it a viable business. The company could have spent billions on new technology like disde or photoshop for their digital cameras. But they chose not to because there was no market for such an art form at the time.

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