The Business Lessons of the Belmont Stakes
Harvard Business Review
JUNE 8, 2012
Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky. You can be sure that sharp handicappers have figured out how to take advantage of I'll Have Another's mispricing. Too much optimism or pessimism leads to extremes.
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