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RWH015: Betting Better in Markets & Life w/ Annie Duke
We Study Billionaires - The Investor’s Podcast Network
Are You Going to Be a Tough Decision Maker?
There are states where you're going to feel sub-optimally that have to do with your own physical state. But then there are also cognitive states where you's going to behave sub- Optimally. And the particular cognitive state where you're really going to behavesub-optimally is when you're in the losses. So being in the losses, which means that you have some sort of loss on a mental account, it lines up somewhat with what your balance sheet really looks like but not exactly.
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