Risk Averse and Risk Seeking - Joe Abittan

Risk Averse and Risk Seeking

I would generally categorize myself as somewhat risk averse, but studies from Daniel Kahneman in Thinking Fast and Slow might suggest that I'm not really any different than anyone else. I might just be responding to the set of circumstances that I typically experience, similar to anyone else, and I might just be more aware … Continue reading Risk Averse and Risk Seeking

Subjective Gains and Losses

Subjective Gains and Losses

"Outcomes that are better than the reference points are gains. Below the reference point they are losses."   Daniel Kahneman writes extensively about our subjective experiences of the world in his book Thinking Fast and Slow and about how those subjective experiences can have very serious consequences in our decisions, political stances, and beliefs about … Continue reading Subjective Gains and Losses