
Thinking Fast and Slow (part 2)
What You Will Learn
00:00
How to Deal With Loss Aversion
I've got a bit of a pay bump here in the year. It was pretty decent, pretty happy with it. More recently, I had my $3,000 laptop stolen. There was this gentleman who came through on... That gentleman's a generous way to put it. He was a gangster from the Western suburbs in Victoria. We've got to realize that losses are absolutely painful and often in a way that doesn't really make sense statistically. As we said, if you were offered a bet to lose 100 or to win 101, if it was a 50-50, you should take that bet. Psychologically, it's harder for us to taking that bet. You've got
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