Choiceology with Katy Milkman cover image

To Fight Another Day: With Guests Alex Imas & Mary Stockwell

Choiceology with Katy Milkman

CHAPTER

Strategic Retreating, Realizing Losses, and Risk in Decision-Making

Exploring the tactics of American and British armies during the Revolution, comparing strategic retreats by Washington and Green with Cornwallis' staunch fighting. The chapter introduces the realization effect and its impact on decision-making through formalizing losses, discussed by a guest expert in behavioral science and economics.

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