Why We Shouldn't Bank on Growth
Harvard Business Review
OCTOBER 9, 2012
Psychologists Daniel Kahneman and Amos Tversky attributed this tendency to what they called the "availability" heuristic (rule of thumb): our minds give inordinately heavy weighting to the most readily available/recent/vivid data and experiences. In May 2006, Facebook raised money at a $500-million valuation. Take the steel industry.
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