Loss Aversion 101: Why Losing Hurts More Than Winning Feels Good
Ever notice how losing $100 feels way worse than winning $100 feels good? In fact, research shows that losses are about twice as painful as gains are pleasurable. This is called loss aversion, a concept from behavioral economics that explains why we avoid losses at almost any cost, even when it means passing up on … Continue reading Loss Aversion 101: Why Losing Hurts More Than Winning Feels Good
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