Detailed text transcripts for TV channel - MSNBC - 20111122:21:27:00
Explain to us, for instance, how much does it matter? how matters. the way you do things is more determinative than the outcome itself. in other words, the way you manage risk, the way you relate to these things, walk us through the human -- what that gap is between the human mind and the actual ability to evaluate risk. >> well, in general, you know, the world in our minds is simpler than the world out there. we have a narrativeç that we he a story. we build a story what the world is like and we act accordingly. and we have much too much confidence in that story. so people end uptaking risk...
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