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Cautionary Tales Presents: Death Fraud and Other Risky Business

Cautionary Tales with Tim Harford

CHAPTER

Cautionary Tales and the Psychology of Risk

This chapter examines the common patterns in cautionary tales and how factors like hubris and self-delusion lead to failures. It highlights the humor in certain disasters while exploring the psychological aspects of decision-making, particularly through the lens of poker. The discussion also delves into the risks of quantifying probabilities, emphasizing the need for a nuanced understanding of decision-making in uncertain environments.

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