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Laurie Santos, a psychologist at Yale University, explains two of our classic economic biases: reference dependence and Ever wonder why some people are so hesitant to take risks, while others seem more willing to risk it all? What's the difference ... This is an excerpt from our comprehensive animation library for CFA Level I candidates. For more materials to help you ace the ... Do people have trouble in dealing with uncertainty or do they mainly dislike losing? Daniel Kahneman explains.
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Last Updated: June 7, 2026
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