Luck & Risk - Deepstash
Luck & Risk

Luck & Risk

Luck & Risk are siblings. They are both the reality that every outcome in life is guided by forces other than individual effort.

Focus less on specific individuals and more on broad patterns.

Nothing is as good or bad as it seems.

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ideallyadarsh

An ordinary boy who is indiscriminately passionate about many things, develops the frontend of websites, a graphics designer, a bibliophile, Loves to learn and grow, and write. | In search of infinity!

This book is one of the best books for the financial knowledge you'll read among the others. Get to know the real Psychology of Money by reading this.

The idea is part of this collection:

How to Run an Effective Meeting

Learn more about moneyandinvestments with this collection

How to set clear objectives

How to follow up after a meeting

How to manage time effectively

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Luck & Risk

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Nothing is as good or as bad as it seems. Every outcome in life is guided by forces other than individual effort. Bill Gates had a competitive advantage over millions of other students because he attended one of the only high schools in the world that had the cash and foresig...

Luck And Chance

Like the flip of a coin coming up with heads or tails, chance is what happens out there, and is an aspect of the physical universe. Luck, on the other hand, is a perceived value of the ‘chance’ outcome.

It is our subjective reality of a good or bad fortune, impose...

Group decisions are not risk-free

  • Groups are better equipped than individuals to recognize an answer as correct. But, when the whole group is susceptible to similar biases, groups are inferior to individuals.
  • Polarization can occur in groups. One major bias in risky decision making is optimism, while doubts are sup...

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