Sunday, April 26, 2009

Impact of fear on Decision Making

An interesting article that talks about how Fear impact decision making. This is due to "endowment effect" which means that people tend to value objects a lot more than everyone else.

http://www.nytimes.com/2008/12/07/jobs/07pre.html.

Upon introspection this article makes sense regarding some of the decisions that I make when a lot is at stake. If we take fear out of the equation, decision making would be a lot efficient.

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