Your Judgment of Risk Is Compromised
Harvard Business Review
JUNE 21, 2012
Daniel Kahneman and Amos Tversky provide perhaps the best theoretical framework in which to understand the phenomenon. According to data published by Erik Snowberg and Justin Wolfers, in their article Explaining the Favorite-Long Shot Bias: Is it Risk-Love or Misperceptions? Embracing Risk in Career Decisions.
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