By Shreesha
This is explained by the following 2 ideas: The Vividness Effect It is the tendency for concrete, sensory rich information to get stored and retrieved easily compared to abstract information. In Action Consider the following sentences: The Availability Heuristic The…
The Strategy The Philosophy There are 3 core principles: The Result
Meaning Not all Losses are Ruin Problems Why Ruin Problems Must be Considered Seriously “Because the ‘cost’ of ruin is effectively infinite, cost-benefit analysis… is no longer a useful paradigm..When the harm is infinite, the product of any non- zero…