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Annie Duke on the Power of Quitting

EconTalk

Everest Half Marathon Versus Full Marathon

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If I buy a stock at 50, it goes up to 75 and it's now trading at 60. On my actual physical ledger, I'm in the gains $10. But in my mental account,. I'm inThe losses $15 because I'm 15 short of 75 now, right? Okay. So it doesn't matter that I was up 10. If I only complete 13.1 miles in comparison in the context of a marathon, I am short. No matter that if I created a physical Ledger, I would be in the gains 13.1mile. In other words, physical ledgers measure from the starting line, but mental ledgersMeasure from the finish line. Which

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