"In life, it’s usually even more complicated because in most real decisions we haven’t examined the coin. We don’t know if it is a fair coin, if it has two sides with a heads and tails on it and is weighted properly. That’s the hidden information problem. We can’t see everything. We haven’t experienced everything. … Continue reading The Resulting Fallacy Is Ruining Your Decisions – Issue 55: Trust – Nautilus
Category: quotes
The Psychology of Prediction · Collaborative Fund
"The correct lesson to learn from surprises is that the world is surprising." —Morgan Housel. "The Psychology of Prediction." Collaborative Fund. July 21, 2019.
