occur because people are too estimated that the rate of success focused on their future goal and for a business like theirs was discount limited odds, the skills of 60%. Their optimism bias leads others, what is unknown, and luck. them to believe they would This causes people to think they succeed despite the odds.25 are in control of the future. State Dependence Decisions are dependent on one’s Undergoing a state of physical or emotional state. unemployment may increase the Decisions are made to either probability that someone will mitigate a bad state or boost a accept a low-paying or otherwise good state. unappealing position.9
occur because people are too focused on their future goal and discount limited odds, the skills of others, what is unknown, and luck. This causes people to think they are in control of the future. estimated that the rate of success for a business like theirs was 60%. Their optimism bias leads them to believe they would succeed despite the odds.25 State Dependence Decisions are dependent on one’s physical or emotional state. Decisions are made to either mitigate a bad state or boost a good state. Undergoing a state of unemployment may increase the probability that someone will accept a low-paying or otherwise unappealing position.9
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