Loss aversion
A loss hurts more than an equal gain pleases — the classic multiplier is about two, though it is disputed.
Decisions and money — Value, risk and loss are not counted the way economics assumes.
Atlas of cognitive biases · Decisions and money
A loss hurts more than an equal gain pleases — the classic multiplier is about two, though it is disputed.
Decisions and money — Value, risk and loss are not counted the way economics assumes.