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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Neglect of Probability
Description: Neglect of Probability Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Neglect of probability is a cognitive bias defined by Wikipedia as the tendency to completely disregard probability when making a decision under uncertainty. Investors can be biased by their previous experiences and ignore the probability of success or failure in potential startup investments. Those who lost money on previous investments may be slow to invest while those who made money are more likely to invest. The probability of success or failure is the same for both. Recognize...