Want to learn how the brain works, why humans value what we value, and how to persuade value based decisions?
Here’s your reading list:
Thinking Fast and Slow
Predictably Irrational
Nudge
Influence
Pre-suasion
Misbehaving
The Undoing Project
The Persuasion Code
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Barking Up the Wrong Tree
Brainfluence
Alchemy
7 Secrets of Persuasion
Invisible Influence
What Your Customer Wants and…Can’t Tell You
Thinking In Bets
Friction
The Upside to Irrationality
Dollars and Sense
Payoff
Yes
Contagious
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This is a crash course in behavioral economics, basically. It helps readers identify how WE are persuaded as well as how to persuade.
This is intimately connected with what we value and why we make the value based decisions we do.
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Traders, be it retail investors, institutions, and even bot programmers, are all human.
Understanding why humans part with their money can make you a better investor.
Sustainability was the buzzword of the day when #node protocols were the hot topic. Obviously it was just a buzzword, as no #NaaS protocol has proved to be that.
But what IS sustainability and how do we evaluate it? A thread 👇
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First, the definition of sustainable - able to be maintained at a certain rate or level.
So, sustainability is the ability to uphold that level of maintenance.
Let's talk about lending loops. These are far and away one of the most #degen strategies you can employ.
Why?
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Because, in a normal lend/borrow situation, you risk your collateral, but you still have the asset you borrowed.
In a lend loop, you risk EVERYTHING;
Your collateral AND your borrowed asset.
If you get liquidated, you have NOTHING.
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First, let's talk briefly about how lending and borrowing work, so the loop scenario becomes a bit more clear.
In traditional finance, when you borrow money, you either put up something for collateral (your house or car) or the lender takes a risk based on your credit.