Believing In Narratives
Stories trump statistics. The more you want something to be true, the more likely you are going to believe a story that overestimates the odds of it being true.
- The more you want something to be true, the more likely you are to believe a story that overestimates the odds of it being true.
- Everyone has an incomplete view of the world, but we form a complete narrative to fill in the gaps.
- Coming to terms with how much you don’t know means coming to terms with how much of what happens in the world is out of your control.
- The illusion of control is more persuasive than the reality of uncertainty.
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The Psychology of Money is a collection of short stories exploring the strange ways people think about money and teaches you how to make better sense of it.
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Learn more about moneyandinvestments with this collection
How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
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