Attitudes of Foxes and Hedgehogs[*12] How Foxes Think How Hedgehogs Think Risk-tolerant: Think in expected-value terms and are willing to act on it. Do not necessarily see themselves as risk-taking; however, their ability to take calculated risks distinguishes them from most people. Risk-ignorant: Not necessarily natural risk-takers. However, because they may misestimate or overestimate their abilities, they may sometimes make decisions that others would regard as incredibly risky. Probabilistic: Think like poker players, i.e., willing to make bets based on incomplete information.
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