- [THE EFFECT OF MYOPIAAND LOSS AVERSION ON RISK TAKING: AN EXPERIMENTAL TEST](https://pdfs.semanticscholar.org/ac8c/07714e860c42319254d762e30063e79e4713.pdf)
**RICHARD H. THALER AMOS TVERSKY DANIEL KAHNEMAN ALAN SCHWARTZ**

- [The Endowment Effect, Loss Aversion, and Status Quo Bias](https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.5.1.193)
Daniel Kahneman, Jack L. Knetsch, and Richard H. Thaler

demand much more to give up an object than they would be willing to pay to acquire it—the **endowment effect.**

The example also illustrates what [Samuelson and Zeckhauser (1988) call a status quo bias,](https://www.researchgate.net/publication/5152072_Status_Quo_Bias_in_Decision-Making) a preference for the current state that biases the economist against both buying and selling his wine.

These anomalies are a manifestation of an asymmetry of value that Kahneman and Tversky (1984) call **loss aversion—the disutility of giving up an object is greater that the utility associated with acquiring it**.


- [The Two Friends Who Changed How We Think About How We Think](https://www.newyorker.com/books/page-turner/the-two-friends-who-changed-how-we-think-about-how-we-think)
By Cass R. Sunstein and Richard Thaler

- [predictably irrational](http://radio.shabanali.com/predictable.pdf) by Dan Ariely
Beer and Free Lunches: What Is Behavioral Economics, and Where Are the Free Lunches? 

## [Outsmart your own biases](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/4461/outsmart%2Byour%2Bown%2Bbiases.pdf) ...to some extent

DK - not believing you can change your own biases, but critising other people biases
**indeed, the paradox is that you are your biases, so how can you change yourself**


[Bias and Noise: Daniel Kahneman on Errors in Decision-Making](https://medium.com/@natematias/bias-and-noise-daniel-kahneman-onerrors-in-decision-making-6bc844ff5194)

[Daniel Kahneman: ‘What would I eliminate if I had a magic wand? Overconfidence’](https://www.theguardian.com/books/2015/jul/18/daniel-kahneman-books-interview)

> Not even he believes that the various flaws that bedevil decision-making can be successfully corrected

> Kahneman is interested in looking at how to increase the consistency of operations – not the same, he explains, as controlling biases

## podcasts and reviews

[Behavioral Finance And Investment Management - Dr. Daniel Crosby - Standard Deviations](https://podcasts.apple.com/gb/podcast/standard-deviations/id1241946146?i=1000430559243)

[Morgan Housel - The Psychology of Money](https://podcasts.apple.com/gb/podcast/standard-deviations/id1241946146?i=1000439082944) Standard Deviations