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“sunk-cost bias.”
Greg Mckeown • Essentialism: The Disciplined Pursuit of Less
Larry Ellison's business philosophy, focusing on the power of incentives, the dangers of discounting, and his contrarian approach.
TRANSCRIPT
And so one thing that reappears in the book a bunch is the fact that Larry is obsessed with understanding incentives and how they drive human behavior. I love this Charlie Munger quote where he says that you should never ever think about anything else we should be thinking about the power of incentives.
And many times in the early history of Oracle,
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Jake Knapp • Sprint
Design The Future
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Shaping Great Product Design with Yudi Sun from Duolingo | Next Gen Builders, Ep. 15
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music or entertainment preferences. For businesses, it could be the way they sell, other products they have invested in or the skills they have or don’t have inside their company.