Thinking fast and slow is taking me a while (system 2 read) but is psychologically/financially impactful like Fooled by Randomness ——————————————- - WYSIATI (what you see is all there is): What is visible crowds out what matters. Drag in hard data. - Anchoring: The first number wins on negotiations - Overconfidence + base-rate neglect: Experts trust vivid stories, ignore stats, and blow forecasts - Loss aversion: Losing hurts roughly double winning. People overpay for downside protection; profit by selling it. - Framing effect: Identical outcomes feel different as gain vs loss. Shape the frame or someone else shapes you.

WYSIATI: what you see is all there is Aka: find more evidence and ask non stop follow on questions until you have enough data