Trying to assess real-world risk like you would in a game can lead you to making the wrong choices. - Deepstash

Trying to assess real-world risk like you would in a game can lead you to making the wrong choices.

Another fallacy Taleb describes is called the ludic fallacy. This one explains why we do such bad jobs at getting the right insurance policy, for example.

When faced with the task to assess risk in the real world, we usually try to imagine the risk like a game, where there’s a set of rules and probabilities that we can determine up front, in order to then make the right decision.

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Writing everything on how to live a better life.

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How To Stop Wasting Time

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