Daniel Kahneman: The Trouble With Confidence | Value Investing News

Daniel Kahneman: The Trouble With Confidence

  • People think they will succeed.
  • So clearly overconfidence is rife and overconfidence and loss aversion seem to be acting in opposite directions.
  • I think for society it is probably very good that we have a lot of optimistic entrepreneurs who think they will succeed, although most of them fail.
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