2min chapter

The Knowledge Project with Shane Parrish cover image

#210 Best of 2024: The Blueprint for a Transformative New Year

The Knowledge Project with Shane Parrish

CHAPTER

The Psychology of Financial Choices: Risk and Hope

This chapter explores the psychological differences in financial decision-making between the wealthy and those in poverty. It focuses on the desperate measures, such as purchasing lottery tickets, that individuals in financial distress may take in hopes of escaping their circumstances.

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