5min chapter

Deep Dive with Ali Abdaal  cover image

World Poker Champion On The Science Of Decision Making - Chris Sparks

Deep Dive with Ali Abdaal

CHAPTER

Is There a Status Quo Bias in Investing?

A lot of the temptation in psychology, we call this status quo bias is, hey, everything that I'm doing right now is pretty great. But it's like realization, you could do anything,. What do you do with that? It's a much better place to operate from because naturally, just to sleep well, we tell ourselves, hey, what I'm doing is great. We get all our identity tied up and like, if I'm being successful, then I'm a success. If I'm doing really well, then I’m a good person. And so given thatI am not what I choose to do, how can I take an objective look at myself and say

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