I don’t think it’s that simple. Kahneman and Tversky identified several cognitive shortcuts (heuristics) that people use to make judgments and decisions, which

I don’t think it’s that simple. Kahneman and Tversky identified several cognitive shortcuts (heuristics) that people use to make judgments and decisions, which can lead to systematic errors (biases)... often leading to irrational decision-making. Their research explains several irrational decision-making processes that we demonstrate while investing (either in private or public markets.) Thinking Fast and Slow is such a great book…