Interesting video on the logical fallacies that can lead to dumb financial decisions: https://youtu.be/n1b7piSmmME
I thought the concept of the "endowment effect" was useful -- the tendency for us to assign more value to the things we already own/paid for, then the things we could own. IE when you rent a terrible movie but feel compelled to finish watching it because you already plunked down $5 for it.
Submitted October 28, 2018 at 10:57AM by Lewsk55 https://ift.tt/2CIwSZb
