When Optimism And Confidence Create Challenges

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