'You Need Grit to Quit' – Knowing When to Walk Away With Annie Duke
Stansberry Investor Hour
Why Aren't They Quitting Too Soon?
When the driving was good, one would assume that they would be staying in their cab to take advantage of lots of fairs around. That's the rational economic actor, right? And basically what that would mean is that when there are no fairs around, you're going to stop driving. But people were actually quinting really quickly and stayed in their cab for a very long time. So this goes against the whole idea of a rational actor because they weren't behaving rationally.
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