People who are poor think like traders, but the dynamics are quite different. Unlike traders, the poor are not indifferent to the differences between gaining and giving up. Their problem is that all their choices are between losses. #DanielKahneman

- April 27, 2025

People who are poor think like traders, but the dynamics are quite different. Unlike traders, the poor are not indifferent to the differences between gaining and giving up. Their problem is that all their choices are between losses. #DanielKahneman
— English Quotes (@english_quotes) Apr 27, 2025

Search This Blog

English Quotes

People who are poor think like traders, but the dynamics are quite different. Unlike traders, the poor are not indifferent to the differences between gaining and giving up. Their problem is that all their choices are between losses. #DanielKahneman

Comments

Post a Comment

Popular posts from this blog

When we are projecting it doesn't FEEL as if we are doing anything complicated or special. On the contrary it feels just as if we are seeing things as they are. So, typically we dislike the suggestion that we are 'projecting'. It feels as if it is an insult... #TheSchoolOfLife

“You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever. This approach has never let me down.” Steve Jobs

We certainly may have done and said some truly terrible things, but does this have to make us untenably awful people? No, because there is a difference between our being and our flaws. We are not our flaws. #TheSchoolOfLife