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A great talk by Daniel Kahneman,

Worth reflecting on, thanks to Morgan Housel,

The power of stories:

Titanic was the fourth-worst non-war maritime disaster of the 20th century.

Good chance you've never heard of the other three, one of which killed almost three times as many people.

A common thread with risk: Things that make good stories are paid attention to even when other things that are objectively worse are ignored.

Plane crashes over car crashes, murders over heart attacks, volatility over fees.

And a problem here is this thing behavioral psychologists call self-attribution bias. It describes how when good things hap- pen to people they think itís because of something they did, but when bad things happen to them they think itís because of something someone else did.


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