Generally, the higher the stakes, the less often we are able to practice. Most of us buy houses and cars not more than once or twice a decade, but we are really practiced at grocery shopping. Most families have mastered the art of milk inventory control, not by solving the relevant mathematical equation but through trial and error.*1274 ↱
Nudge
Improving Decisions About Health, Wealth, and Happiness
Richard H. Thaler, Cass R. Sunstein