Matt’s Reviews > Thinking, Fast and Slow > Status Update
Matt
is on page 255 of 499
23 - The Outside View: Take an outside view not an inside view or you will fall victim to the planning fallacy-assuming the best case scenario for you. It is better to look at the base-line case and adjust up or down if you are above or below average. Watch for the sunk-cost fallacy-'we cant quit now, we've done so much work.'
— Jan 09, 2013 08:25AM
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