In this Pocket Sized Pep Talk, you'll learn:
- How optimism and confidence, two traits to be admired, and two traits found in most entrepreneurs, can create unique challenges.
- The harder the journey, the harder we fight. But it can also create an irrational escalation of commitment (EoC).
- The concept of, Sunken Cost Fallacy: a person who is reluctant to change a strategy or course of action because they have invested heavily in it.
- How we are hard-wired toward cognitive biases.
- What human decision-making mechanisms lead to EoC (escalation of commitment) behaviors.
- When we are pumping in time and money and experiencing diminishing returns, how do we break out of this spiral?
- Why rational decision-making is often missing in financial decisions.
- Mentors who helped Vincent along the way.
For more information about this guest:
Website: www.vincentdefilippo.com
