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Bernoulli’s Errors

From Thinking, Fast and Slow by Daniel Kahneman

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Bernoulli’s Errors

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Value is experienced as change, not as level. — Thinking, Fast and Slow, Ch. 25 · Bernoulli’s Errors Full chapter free at readstacks.com (link in bio). New chapter every week. Save this for your TBR. #booktok #nonfiction #booksummary #thinkingfastandslow #danielkahneman

READ STACKSCHAPTER25Bernoulli’s Errorsfrom Thinking, Fast and Slowby Daniel Kahneman
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Hook · chapter title page
I.THE CLAIM“Value isexperienced aschange, not aslevel.”from Thinking, Fast and Slowby Daniel Kahneman
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Quote · the central claim
II.THE IDEAGains and lossesare judgedrelative to areference point:what youexpected,what you have,what you thinkyou…from Thinking, Fast and Slowby Daniel Kahneman
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The idea
III.THE MOVEPeople are notindifferent tomoney; they aresensitive tomovement,fairness,and thesting of loss.from Thinking, Fast and Slowby Daniel Kahneman
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The move
READ THE FULL CHAPTERRead Stacksfrom Thinking, Fast and Slowby Daniel Kahnemanreadstacks.com
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CTA · readstacks.com

Reference: the full chapter summary lives at readstacks.com/books/thinking-fast-and-slow/chapter-25-bernoullis-errors/

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