The Winner's Curse: Why Smart People Lose Their Way
Passion Struck with John R. Miles
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10 min
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In this episode, you will learn
- Why the Winner's Curse means the "winner" often made the biggest mistake
- How behavioral economics challenges the myth of rational decision making
- What mental representation is and how it distorts the choices we believe we're making
- Why loss aversion and sunk costs keep us chasing bad outcomes
- How uncertainty, competition, and ego interact to produce overconfidence
- Why AI and algorithms often magnify human bias instead of correcting it
- Practical ways to slow down decisions and avoid costly "wins."
Resources
- Full show notes
- Free Companion Workbook with reflection prompts tied to this episode
- Pre-order You Matter, Luma
- All links gathered here, including books, Substack, YouTube, and Start Mattering apparel
- More about Alex Imas
Support the Movement
Every human deserves to feel seen, valued, and like they matter.
Wear it. Live it. Show it.
Show Notes
In this episode, you will learn
- Why the Winner's Curse means the "winner" often made the biggest mistake
- How behavioral economics challenges the myth of rational decision making
- What mental representation is and how it distorts the choices we believe we're making
- Why loss aversion and sunk costs keep us chasing bad outcomes
- How uncertainty, competition, and ego interact to produce overconfidence
- Why AI and algorithms often magnify human bias instead of correcting it
- Practical ways to slow down decisions and avoid costly "wins."
Resources
- Full show notes
- Free Companion Workbook with reflection prompts tied to this episode
- Pre-order You Matter, Luma
- All links gathered here, including books, Substack, YouTube, and Start Mattering apparel
- More about Alex Imas
Support the Movement
Every human deserves to feel seen, valued, and like they matter.
Wear it. Live it. Show it.
