Bad Paper: Chasing Debt from Wall Street to the Underworld (Jake Halpern, 2014)
- People falsely assumed that it was very difficult to collect an old debt, but it all depends on the history of the portfolio
Psychological Terms, Physics Laws & Effect, Mathematics & Paradoxes, Fallacies, Metaheuristics(Growing List)
Psychology Analysis Paralysis It is the state of over-analyzing (or over-thinking) a situation so that a decision or action is never taken, in effect paralysing the outcome. A decision can be treated as over-complicated, with too many detailed options, so that a choice is never made, rather than try something and change if a major problem arises. A person might be seeking the optimal or "perfect" solution upfront, and fear making any decision which could lead to erroneous results, while on the way to a better solution. Antifragility A property of systems that increase in capability to thrive as a result of stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. Barnum effect Also called the Forer effect, or less commonly, the Barnum-Forer effect, is a common psychological phenomenon whereby individuals give high accuracy ratings to descriptions of their personality that supposedly are tailored specifically to them, that are in fact vague and general en...