FYI: Imagine this: You’ve just booked an airline ticket. But then you see a cheaper flight online. The second flight’s departure time is much more convenient – and you could change your ticket without paying an extra fee.
It makes sense to switch flights. But plenty of people, including Danny Kahneman, might be too afraid to do it. Michael Lewis profiled Danny in his book, The Undoing Project. He wrote, “Danny would resist a change to his airline reservations, even when the change made his life a lot easier, because he imagines the regret he would feel if the change led to some disaster.”
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/are-new-investors-fears-predictably-irrational
