Adam Smith recognized that people are often overconfident in their own abilities, more afraid of losing than they are eager to win, and more likely to pursue short-term than long-term benefits.

Authors

• Person: Not available Organization: University of Chicago
  Behavioral economics, explained - UChicago News

Sources

• Behavioral economics, explained - UChicago News news.uchicago.edu University of Chicago via serper

Referenced by nodes (1)

• Adam Smith entity