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Elia Silvestro
Elia Silvestro

Elia Silvestro

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From Every Chapter of Thinking Fast, and Slow in 7 Minutes by Conor Dewey

27. The Endowment Effect
We naturally assign more value to things just because we own them.

From Every Chapter of Thinking Fast, and Slow in 7 Minutes by Conor Dewey

oices, when a sure loss… a reference point, the value of something is largely dependent on a person’s current situation.

26. Prospect Theory
In mixed gambles, we are naturally risk-averse; while for bad choices, when a sure loss is guaranteed, we are more likely to seek out risk.

From Every Chapter of Thinking Fast, and Slow in 7 Minutes by Conor Dewey

11. Anchors
The anchoring effect occurs when a particular value for an unknown quantity influences your estimate of that quantity.

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Sync non-Amazon books across Kindle devices and apps

Wolfgang Bremer