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Decentralization for Data Scientists | Carlos Mercado

The Artists of Data Science

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Loss Aversion

Losing money hurts us, because it takes so much more effort to get a back ord. We find as if you ask people how much they want to pay to play that game, people won't do it. People who are lost of persons, tas most people, avoid those games even when the odds are in their favour. A litlittle bit of rationality, like pain hurts us more than like pleasure helps us.

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