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Tim Harford on using data to make smarter decisions

The Human Risk Podcast

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The Ostrich Effect: How We React to the News

There is some evidence that people avoid checking their stock portfolios when they know stock markets are falling. And they look more often when stock markets are rising. So there's a need to sort of scratch that anxiety itch. There's a, there's a sort of a need for good news rather than bad news. We're consuming this information for some other reason to satisfy an emotional need or an ability to talk plausibly at dinner parties.

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