You're given a choice: a 1% chance of instantly getting a billion dollars, or a 100% chance of getting a million dollars. Most people go for the million. But if you could repeat that choice 100 times, statistically, you'd be a billionaire.
Why do we optimize for the short-term guarantee even when the long-term, riskier play is clearly better? It's not about the money, it's about how our brains are wired.
Why do we optimize for the short-term guarantee even when the long-term, riskier play is clearly better? It's not about the money, it's about how our brains are wired.
You're given a choice: a 1% chance of instantly getting a billion dollars, or a 100% chance of getting a million dollars. Most people go for the million. But if you could repeat that choice 100 times, statistically, you'd be a billionaire.
Why do we optimize for the short-term guarantee even when the long-term, riskier play is clearly better? It's not about the money, it's about how our brains are wired.
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