4 ms·
I'm reading Annie Duke's brand new (and excellent!) book called "Thinking in Bets". She suggests that placing monetary bets is a good way to force yourself (an
by tinymollusk 9y ago
I'm reading Annie Duke's brand new (and excellent!) book called "Thinking in Bets". She suggests that placing monetary bets is a good way to force yourself (and possibly others) to reason about how they know what they know, consider what the other person knows that they don't, etc.
In prospect theory, I think this is akin to triggering the Type II system (the "slow" thinking).