I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
Which of these two options would you choose?
|
Daniel Kahneman, the author of Thinking, Fast and Slow, did an experiment. He gave two options: Would you accept a gamble that offers a 10% chance to win $95 and a 90% chance to lose $5? Or. Would you pay $5 to participate in a lottery that offers a 10% chance to win $100 and a 90% chance to win nothing? Well… if you studied engineering, you have convinced yourself that the two problems are identical. In both, you are either richer by $95 or poorer by $5. But that’s engineering mindset… No question why we take so long to find someone that can endure us. The reality is that the second option attracts more people. A bad outcome is much more acceptable if it is framed as the cost of a lottery ticket that did not win than if it is simply described as losing a gamble. We should not be surprised: losses evoke stronger negative feelings than costs. If you have no idea what I’m talking about, you should take a look to the book below. It will teach you to avoid gambles and call some costs, investments.
PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
You talk to that person and think, This must be someone important. Vice President. Well… time to listen. It was urgent. And my agenda always has room for interesting people. Then… 30 seconds into the conversation, you realize this is going nowhere. How he talks. What he asks. The rush to prove the title… something I wasn’t interested in. Well… Disappointment. Then… You check LinkedIn and notice the company has more Vice Presidents than assistants, associates, managers, and project managers...
These days I’ve been asked many times what I think about the Conejo Malo. Or Bad Bunny. Until the Super Bowl I had no idea who was the guy. I don’t listen to much music those days… So as he is only 31, I guess that I have not heard much of his songs. And still this is irrelevant. People like judging more than complaining. And my answer about the question is simple. Whoever has what you don’t have knows what you don’t know. And whoever has achieved what you haven’t achieved has done what you...
By the answers of yesterday’s email, I see that people love Canada. I do. So here you are more meat. Montreal… or as we say in Montreal… Montréal. Early 2010s. Project: McGill University Health Centre (MUHC) PPP Value: ~ CAD $1.3 billion Model: DBFM Canada again. Sophisticated market. Experienced advisers. Polished risk matrices. I was there practising kung fu and delivering infrastructure. The goal? Deliver one of the largest hospital redevelopments in North America through PPP. And make it...