In many cases, what looks like risk-taking doesn’t take courage at all; it’s just unrealistic optimism. Courage is a willingness to take the risk once you know the odds; optimistic overconfidence means you are taking the risk because you don’t know the odds. There’s a big difference.
Content: Quotation
Author: Daniel Kahneman
Source: Rotman Magazine
Subjects: Personality / Behavior, Risk Management
Author: Daniel Kahneman
Source: Rotman Magazine
Subjects: Personality / Behavior, Risk Management
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