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The final part of the series reviewing the two books Thinking Fast and Slow by Daniel Kahneman and Amos Tversky, and The Undoing Project by Michael Lewis. This episode revolves around the last two chapters of the book, especially the Prospect theory - the theory that brought Daniel Kahneman the Nobel Prize in Economics in 2002. A very puzzle-filled episode, very headache-inducing. Hope you enjoy! 00:00 Bernoulli's Errors 03:14 Prospect Theory 09:37 The Endowment Effect 11:16 Bad Events 12:29 Rare Events 16:45 Sunk Cost Fallacy 20:12 Regrets 22:47 Framing 29:01 Two Selves 36:15 My personal feelings about the 2 books Subscriber count: 535,519 Part 1: Thinking, Fast and Slow - • Thinking, Fast and Slow // Part 1 Part 2: 7 Basic Errors in Thinking and Reasoning - • 7 Basic Errors in Thinking and Reasoning... Part 3: Overconfidence: Reasoning errors when being too confident, optimistic and positive - • Overconfidence: Reasoning errors when being too ... Part 4: Arguing Tightly, Avoiding Being Oriented - • Arguing Tightly, Avoiding Being Oriented... If you find the content useful, please consider donating to close contribute to the development of the channel. ???? MoMo: https://me.momo.vn/duythanhish ???? Bank: 222 6868 111 - NGUYEN DUY THANH - MB (NH Quân Đội) Facebook: / duythanhish Instagram: / duythanhish Podcast: More Perspectives