AI Snips
Chapters
Transcript
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Sharks vs. Mosquitoes
- People overestimate the danger of sharks, while mosquitoes are deadlier.
- Many avoid swimming due to shark fear, but neglect mosquito repellent.
Behavioral Economics
- This misassessment of risk leads to misguided decisions.
- Behavioral economics studies how our psychology causes these mistakes.
Thinking Fast vs. Slow
- We rely on snap judgments instead of thorough analysis.
- Psychologists differentiate between intuitive, fast thinking and deliberate, slow thinking.