‘Egocentric Discounting’

That’s what even so-called expert investors suffer from, bringing down their performance

In 1979, the Texas legislature required the University of Texas to increase its intake of medical students from 150 to 200. These 150 had been selected by first short-listing the best 800 from the academic records of about 2,200 students and then calling the 800 for an interview with the admissions...

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