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Charlie Munger, vice chairman of Berkshire Hathaway (BRK-A, BRK-B) and a legend of the investing world, died on Nov. 28 at the age of 99.To commemorate Munger's monumental legacy, we’ve compiled ...
He coined the term "Decision Analysis" in a paper in 1966, kickstarting the field. [3] He was a founding Director and Chairman of Strategic Decisions Group. [4] Interests included improving the quality of decisions, life-and-death decision-making, and the creation of a coercion-free society. [5]
Regret is the emotion of wishing one had made a different decision in the past, because the consequences of the decision one did make were unfavorable. Regret is related to perceived opportunity. Its intensity varies over time after the decision, in regard to action versus inaction, and in regard to self-control at a particular age.
In psychology, meaning-making is the process of how people construe, understand, or make sense of life events, relationships, and the self. [ 1 ] The term is widely used in constructivist approaches to counseling psychology and psychotherapy , [ 2 ] especially during bereavement in which people attribute some sort of meaning to an experienced ...
Improving speed: While making a good decision is important, making a quick decision is also important. Therefore, emotions and associated somatic conditions can offer mechanisms for encouraging a decision maker to decide quickly, especially when one or more options are potentially dangerous. Hunger, anger and fear can all induce a speedy decision.
St. Patrick's Day is just around the corner, so we've got 31 quotes about luck--making your own, being ready when it arrives, even bemoaning its absence--from quotable people ranging from Marc ...
The first English use of the expression "meaning of life" appears in Thomas Carlyle's Sartor Resartus (1833–1834), book II chapter IX, "The Everlasting Yea". [1]Our Life is compassed round with Necessity; yet is the meaning of Life itself no other than Freedom, than Voluntary Force: thus have we a warfare; in the beginning, especially, a hard-fought battle.
Six years after Tversky's death, Kahneman received the 2002 Nobel Memorial Prize in Economic Sciences for work he did in collaboration with Amos Tversky. [1] While Nobel Prizes are not awarded posthumously, Kahneman has commented that he feels "it is a joint prize. We were twinned for more than a decade." [2]