사이다카지노 안전한 토토사이트 보증업체 먹튀검증；토토먹튀블러드 //batxh.com/@LettersFromAThinker?source=rss-3f9f9c2a768f------2 //cdn-images-1.batxh.com/fit/c/150/150/1*mSmG_riT-bu6gFPtK_y_6Q.png 골드리치먹튀；먹튀검증 1위 먹튀블러드 //batxh.com/@LettersFromAThinker?source=rss-3f9f9c2a768f------2 Medium Tue, 29 Oct 2024 06:35:35 GMT 실시간 카지노 사이트；카지노 사이트；볼트 카지노

Wealth is not so crucial for the intellect

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]]> //batxh.com/@LettersFromAThinker/if-youre-so-smart-why-aren-t-you-rich-9921328ee12e?source=rss-3f9f9c2a768f------2 //batxh.com/p/9921328ee12e Fri, 25 Oct 2024 18:59:25 GMT 2024-10-26T03:08:51.093Z 카지노 사이트 용호 게임；바카라 게임- 온라인 카지노

The Reckoning of a Cold War Victory That Never Really Was

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]]> //batxh.com/the-geopolitical-economist/russias-dark-energy-and-the-west-s-lost-path-6dc53bf69f56?source=rss-3f9f9c2a768f------2 //batxh.com/p/6dc53bf69f56 Fri, 25 Oct 2024 02:17:59 GMT 2024-10-25T02:17:59.917Z 선시티카지노 Archives；바카라 게임- 온라인 카지노

Although seemingly positive, this finding is not so simple

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]]> //batxh.com/science-spectrum/why-does-bad-news-promote-altruism-27bffd89ed9f?source=rss-3f9f9c2a768f------2 //batxh.com/p/27bffd89ed9f Wed, 23 Oct 2024 14:59:53 GMT 2024-10-23T15:10:33.495Z 캄보디아 Archives；온카패스- 온라인 카지노 사이트

Should Suffering Be Glorified?

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]]> //batxh.com/@LettersFromAThinker/dignitas-in-martyrdom-5ff87185015b?source=rss-3f9f9c2a768f------2 //batxh.com/p/5ff87185015b Sun, 20 Oct 2024 13:08:16 GMT 2024-10-20T15:05:48.810Z 베팅의신 안전한 카지노사이트 보증업체 먹튀검증；토토먹튀블러드

A simple, yet powerful technique is all you need

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]]> //batxh.com/a-little-stoic-wisdom/on-being-a-creator-of-ideas-730623311a2f?source=rss-3f9f9c2a768f------2 //batxh.com/p/730623311a2f Wed, 16 Oct 2024 20:27:19 GMT 2024-10-16T20:27:19.103Z 카지노사이트

And why he was ahead of his time

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]]> //batxh.com/philosophytoday/nietzsches-180th-birthday-774c9a80be42?source=rss-3f9f9c2a768f------2 //batxh.com/p/774c9a80be42 Tue, 15 Oct 2024 19:38:35 GMT 2024-10-26T03:05:10.387Z 마카오 카지노 순위；온카패스

It makes us more anxious, physically sick, racist, and aggressive.

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]]> //batxh.com/science-spectrum/news-are-the-killer-of-good-moods-scientific-breakdown-325e964fb390?source=rss-3f9f9c2a768f------2 //batxh.com/p/325e964fb390 Sat, 12 Oct 2024 21:26:23 GMT 2024-10-24T22:20:40.939Z 카지노사이트 클레오카지노；바카라사이트；카지노사이트킴 //batxh.com/@LettersFromAThinker/understanding-our-irrationality-what-is-behavioral-economics-b7faf347bff2?source=rss-3f9f9c2a768f------2 //batxh.com/p/b7faf347bff2 Fri, 11 Oct 2024 17:18:24 GMT 2024-10-15T17:45:19.726Z Behavioural Economics explains: although we know we should be logical, we are simply notAt first glance, the subject of behavioral economics might appear as a certain kind of esotericism, but beneath this facade lies an intriguing exploration of how it intricately weaves into the very fabric of our daily financial habits. is not just another branch of economic theory — it is a cross-disciplinary wonder, merging psychology, cognitive science, and decision-making theory into one complex whole. It presents a deeper, more nuanced understanding of human behavior, especially when it comes to financial decisions. The main distinction from is that it does not assume that people are rational agents, maximizing their utility like flawless calculating machines, but takes a far more daring and realistic stance: humans are, at their core, emotional beings, prone to biases and irrational impulses that can easily lead them astray.If we examine, for instance, the concept of , we shall see that it is not just a psychological quirk but a potent force driving many of our investment choices. According to this principle, the pain of losing money is felt far more acutely than the pleasure of gaining the same amount. In the financial world, this can be observed in investors clinging to sinking stocks, holding out for a miraculous recovery, simply to avoid the emotional sting of realizing a loss. What appears logical on paper — cutting losses early — is drowned out by the human desire to avoid pain.And then there is the , that oh-so-familiar urge to prioritize immediate gratification over future gains. It is the very reason why saving and investing for long-term goals feels like swimming upstream. The present pulls at us with its allure, while the future remains an abstraction — easy to disregard. This bias is a key reason why financial planning can be challenging: who wants to forgo spending now for a reward that seems so distant, intangible?There are many other cognitive biases which cannot be mentioned here all at once, so we encourage you to familiarize yourself with them on your own.

How do we translate the awareness into actionable financial strategies?

The first, and arguably the most critical step, is simple awareness. Acknowledging the fact that we are not always rational actors — that we are governed by cognitive biases — can help us recalibrate our decisions.

Take automated savings plans as an example. By setting up a system where a portion of your paycheck automatically flows into a savings or investment account, you are not just saving money but harnessing , another quirk of human Psyche. Since we are creatures of habit, and once a behavior is automated, we are less likely to disrupt it. Thus we put Behavioral Economics in action and “nudging” our future self to stick to a strategy without having to fight the constant temptation to spend.Diversification is another powerful strategy born from the same well of insight. The fear of loss can paralyze decision-making, but by spreading investments across different asset classes, we mitigate potential losses and soften the emotional blow of underperforming investments. You may still feel the sting of a loss, but the broader portfolio cushions the impact.Overall, you want to minimize the possible negative outcome of your impulses by avoiding creating the circumstances which can lead to that. If a fervour to indulge in meaningless spending is winning you, then make sure you at least paid the bills and safely invested the bigger amount. If you do not have enough for this goals then it would be wise to focus on maximizing your earnings and savings first. Then, an indulgence at the cost of up to 5% of the total net worth will not be so damaging or painful.If classical economics gives us a pristine but somewhat unrealistic model of decision-making, behavioral economics hands us a beautifully chaotic and vastly more accurate picture. It forces us to confront our human flaws, not with frustration, but with understanding. And it offers us tools to work with our inclinations rather than denying or ignoring them — enabling us to craft financial strategies that are grounded in reality, not in theory.When you find yourself in the verge of making a financial decision, pause for a moment. Reflect: Are you not being swayed by emotional impulses or caught in the web of cognitive traps? How can you use this awareness to your advantage? The key to improving your financial decision-making lies not in striving for cold, mechanical rationality, but in achieving a deeper understanding of your own human nature, then play to its strengths.
🖼 Painting: “” by Franz Stuck. In our failure to come to terms with our irrational nature, we engage in a futile ‘Sisyphus-like’ task, endlessly striving to achieve full rationality — a state we are inherently incapable of reaching.
By coming to terms with ourselves we can truly strategize on the best way to our desired future. ◾️Thank you for reading this breakdown.

Truly Yours,
The Thinker

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It will never destroy real creativity, only prove its lacking

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It is easier for a fighting country to fall into barbarism

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]]> //batxh.com/the-geopolitical-economist/why-is-ukraine-becoming-what-it-fights-against-21d6d0355025?source=rss-3f9f9c2a768f------2 //batxh.com/p/21d6d0355025 Thu, 10 Oct 2024 06:22:48 GMT 2024-10-11T00:53:21.878Z