Loss Limit

topic on 1 show · 1 statements across 1 episodes

Capital Allocators

1 statements about Loss Limit, every show

Duke: Strict loss limits are irrational but prevent catastrophic emotional decision-making
“I sort of think about it as stacking irrationalities. Ok, so I know it's irrational to have a loss limit. But that irrationality is a lot less damaging to me in the long run than allowing myself to make these irrational decisions about whether it's a luck or s…”
Annie Duke Feb 5, 2018 ▶ 52:17 Annie Duke - Improving Decision Making [Capital Allocators, EP.39]

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