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Loss Aversion

Is There a Croesus Complex?

Francis Levy | Posted 04.22.2015 | Comedy
Francis Levy

No matter how much credit card debt you retire, you may still suffer from bigger problems than just money or love. For example, you might be suffering from the kind of existential anxiety that comes from the realization that God is Dead.

Mindfulness And Loss: The Past Is Just the Past

Wray Herbert | Posted 10.22.2013 | Science
Wray Herbert

The sunk-cost bias is the tendency to persist with an endeavor once we've made an investment of money or time or effort. A team of psychological scientists has been exploring the possibility that mindfulness meditation might help people overcome this particular kind of irrational thinking.

Fear Shuts Down Boston

David Ropeik | Posted 06.19.2013 | Politics
David Ropeik

Our responses may not make intellectual sense tomorrow, or whenever this calms down (hopefully with no or minimal additional violence), when we can look back at things in the cool calm of rational hindsight, but they make emotional sense now. Because we are afraid.

Loss-Aversion: From Lindsay to the Deficit

Jennifer Ketcham | Posted 11.20.2012 | Los Angeles
Jennifer Ketcham

As a nation we can absolutely use loss-aversion and Prospect Theory in our daily, social and political lives. Maybe it's time we all become behavioral economics groupies.

Thinking, Fast and Slow... About Staying Alive -- What's Missing From Kahneman's Classic

David Ropeik | Posted 02.14.2012 | Books
David Ropeik

If you want to know what goes on in your brain as you "think", and you can only read one of the flood of recent books on the subject, you can not do better than Daniel Kahneman's Thinking, Fast and Slow.

How To Walk Away When It's Not Working

Heidi Grant Halvorson, Ph.D. | Posted 11.17.2011 | Healthy Living
Heidi Grant Halvorson, Ph.D.

The costs to the person who can't see reason, in terms of time, effort and lost opportunities for happiness, can be enormous. We recognize this kind of foolishness immediately in others, but that doesn't stop us from making the same mistake ourselves. Why?