8min chapter

Plain English cover image

Three big ideas from behavioral science (Stick with (someone))

Plain English

CHAPTER

Understanding Prospect Theory and Decision-Making Processes

Exploring Prospect Theory and the impact it has on decision-making, especially in investing, where losses are felt more intensely than gains. The chapter also introduces Kahneman's System 1 and System 2 thinking and discusses anchoring and noise in decision-making processes.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode