@monkbent Not sure if this is what you meant, but that’s Prospect Theory 101 http://en.m.wikipedia.org/wiki/Prospect_theory …
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@tkreagan yep. Not a new concept. But I don’t think people usually think about it as “risk" -
@monkbent And the terminology is important here, not just semantics. Framing lost opportunities as a “risk” inverts the value function. - End of conversation
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@monkbent Has your Twitter account been hacked by Deepak Chopra, "Doctor" Phil or fortune cookie writers? Because that's completely asinine. -
@haggersnash fortune cookie writers -
@monkbent Thanks, that's what I suspected. Twitter doesn't *do* context and that was not as cogent as your usual writing.
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@monkbent A certain type of person. This is definitely a personality thing, not a human thing. - 1 more reply
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@monkbent channeling Taleb?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@monkbent Well, it is known vs. unknown, so it's easier to get attached to what already exits in your life.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@monkbent Consequence: that's why we have so few successful entrepreneurs and so many merry employees in the world. Obvious.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@monkbent as they say: you can’t do anything wrong if you don’t do anything at all.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@monkbent Not entirely irrational, either; things you already have contain hidden, added value: information.Thanks. Twitter will use this to make your timeline better. UndoUndo
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