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267. How to Make a Bad Decision

Freakonomics Radio
Freakonomics Radio
Episode • Nov 17, 2016 • 35m

Some of our most important decisions are shaped by something as random as the order in which we make them. The gambler's fallacy, as it's known, affects loan officers, federal judges -- and probably you too. How to avoid it? The first step is to admit just how fallible we all are.