Posts Tagged ‘loss aversion’
How to Avoid Losing (Loss Aversion) (Video and Podcast)
Our feelings drive us to experience loss aversion, where we avoid short-term losses and often fail to take worthwhile risks, losing more in the long term. That’s the key take-away message of this episode of the Wise Decision Maker Show, which describes how to avoid losing.
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Our feelings drive us to avoid short-term losses, which often results in us failing to take worthwhile risks and actually losing more in the long term. This problem comes from a dangerous judgment error called loss aversion.
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