Psychology Flashcards
1
Q
What do people believe?
A
What they want to believe (and what suits them)
Until the truth is too painful to ignore
2
Q
Do people like thinking about bad things happening?
A
No, people hate thinking about bad things happening, so they underestimate their likelihood or disregard the possibility
3
Q
How do people like to value things?
A
Based on an authority, which tells them how to value things, which they choose based on perceived “authoritiveness” (~Michael Burry)
4
Q
A
