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The psychological trap keeping you broke #money #finance #psychology
In the 1970s two psychologists ran a simple experiment.
Option A, a guaranteed €3,000. Option B , an 80% chance of €4,000.
Mathematically Option B is better. Most people chose Option A.
They flipped it to losses. Same numbers. Opposite result.
That experiment won the Nobel Prize in Economics in 2002. Not Psychology. Economics, because it proved something that changes everything about how we understand financial decisions.
We are not rational, we never were, and that is not our fault.
Full video https://youtu.be/ckUvu9wf5qk
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⚠ Educational only. Not financial advice.
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