Loss aversion explains a lot of business
The AI robots haven't come for our jobs just yet. As such, work is populated by people -- and hence an emotional place. We often remove psychology from these discussions, opting instead for focusing on supposed operational excellence. This fails us and cr
What is loss aversion, you ask? Well, let's get right into it. We'll start with this article from Harvard Business Review, which discusses both loss aversion and conformity. The latter term you probably understand at work -- it's why new ideas are stunningly rare. But as for "loss aversion," well, let's get into that.
Humans have a negativity bias, which…
Keep reading with a 7-day free trial
Subscribe to What Is Even Happening? to keep reading this post and get 7 days of free access to the full post archives.