Posts Tagged ‘risk management’
The One Huge Mistake Everybody Makes in COVID-19 Coronavirus Pandemic Preparation
Official guidelines for COVID-19 coronavirus pandemic preparation assume a wildly optimistic scenario due to dangerous judgment errors known as cognitive biases. You need to instead prepare for a realistic pessimistic scenario.
Read MoreHow to Avoid Losing
Our feelings drive us to avoid short-term losses, which often results in us failing to take worthwhile risks and actually losing more in the long term. This problem comes from a dangerous judgment error called loss aversion.
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