psychology

‘A man without a smiling face must not open a shop.’

This premium is compatible with the psychology of worry but not with the rational model.

Every asset ALWAYS functions in the context of macro constraints. Bitcoin has many people buying and selling it from many countries. Regardless of what popular narratives say, every single person has their Bitcoin cross-collateralized with something else. If a person is running a portfolio with leverage and begin to have a drawdown, they typically

Furthermore, patients whose colostomy has been reversed remember their time in this condition as awful, and they would give up even more of their remaining life not to have to return to it. Here it appears that the remembering self is subject to a massive focusing illusion about the life that the experiencing self endures quite comfortably.

Your anchor inevitably affects the interventions you design to reach it. If Apple designed an iPod based on the usage of the Discman and its finite storage capacity, it would have evolved music-listening behavior rather than fundamentally shifting us to a more optimal universe. Uber didn’t base its product on gaining a beachhead in car service; it

Critical thinking is always difficult, but it’s almost impossible when we are scared. There’s no room for facts when our minds are occupied by fear.

There are three things going on here: the misremembering of the past; selective reporting by journalists and activists; and the feeling that as long as things are bad it’s heartless to say they are getting better.

The improbable is not yet impossible. As we deduce, we are too prone to that satisficing tendency, stopping when something is good enough.

“I can’t think of six things I would like to change about you. I love you the way you are.”