Mental shortcuts are features, not flaws. Biases are rules being used out of context. How can we avoid the pitfalls and make more rational decisions?
Tag: <span>irrational</span>
Losing sucks, but not losing might suck even more. Consider this gamble: I flip a coin, if it’s heads, you win $100. If it’s tails, you lose $100. Would you take it? Most people would…