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Loss aversion

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Loss Aversion Bias, Loss Aversion, Confirmation Bias, Book Notes, Behavioral Economics, Lose Something, Emotional Awareness, Investment Portfolio, Human Experience

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Loss aversion

Loss aversion vs risk aversion - do you know the difference? This post touches on prospect theory, the disposition effect and impression management.

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Psych Daily - My $2,500 Mistake: Understanding Prospect Theory and Loss Aversion Loss Aversion, Lifestyle Hacks, First Dates, Negative Emotions, Gratitude Journal, Psych, A Letter, Pinterest Marketing, The Money

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My $2,500 Mistake: Understanding Prospect Theory and Loss Aversion

Imagine you got a letter from your bank indicating that they made an error to undercharge you, and now you have to pay a bill for $1,000. How do you feel? What could you have done with the money? How long will this feeling of loss linger?

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Loss aversion ; fear of losing something Loss Aversion, Confirmation Bias, Intrinsic Value, Behavioral Economics, Lose Something, Human Experience

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Loss aversion teaches us that if we want to convince someone of something, we shouldn't focus on the advantages. Rather highlight how it will help them avoid the disadvantages.

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It is often used by marketers to influence consumer decisions. 1. Free Shipping: Many retailers offer free shipping as a way to entice customers to make a purchase. Customers are less likely focus on the cost of the item due to the perceived loss of not taking advantage of the free shipping. 2. Discounts: By offering a discount, customers are more likely to purchase the item due to the perceived loss of not taking advantage of the discount. Loss Aversion, Cognitive Bias, Taking Advantage, Book Summaries, Focus On, Self Improvement, Bar Chart, Coaching, Marketing

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Loss Aversion is a cognitive bias where people focus on the losses of a situation rather gains

It is often used by marketers to influence consumer decisions. 1. Free Shipping: Many retailers offer free shipping as a way to entice customers to make a purchase. Customers are less likely focus on the cost of the item due to the perceived loss of not taking advantage of the free shipping. 2. Discounts: By offering a discount, customers are more likely to purchase the item due to the perceived loss of not taking advantage of the discount.

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Hindsight Bias, Loss Aversion, Business Psychology, Logical Fallacies, Behavioral Economics, Key Ideas, Cognitive Bias, Social Design, Behavioral Science

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The Pomodoro Technique ® A super simple method to help you get your tasks done. Named after a pomodoro (tomato) kitchen timer, the essence of it involves considering in advance how many pomodoros you might need for what you want to get done, setting... Hindsight Bias, College Productivity, Loss Aversion, Pomodoro Method, The Pomodoro Technique, Pomodoro Timer, Eat The Frog, Cognitive Bias, Pomodoro Technique

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The Pomodoro Technique ®

The Pomodoro technique, or Pomodoro method, is a super simple method to help you get your tasks done. Named after a pomodoro (tomato) kitchen timer, the…

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Will Home Values Appreciate or Depreciate in 2020? Loss Aversion, Real Estate Articles, Hobbies To Try, Real Estate Advice, Real Estate Information, First Time Home Buyers, Real Estate News, Real Estate Tips, Selling Real Estate

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Will Home Values Appreciate or Depreciate in 2020?

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item.

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Why Change is Hard #Infographic Psychological biases play a huge role in our resistance to change. Ego depletion, status quo, loss-aversion, and sunk cost bias are a few psychological biases that will help you understand why you are hesitant to change! -Dr. Nicole Lipkin, Equilibria Leadership Consulting #psychologicalbiases #psychology #business #change #leadershipconsulting Psychology Of Change, Bias Quote, Psychology Business, Human Science, Resistance To Change, Baddie Advice, Loss Aversion, Theory Of Change, Leadership Advice

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Home - Equilibria Leadership Consulting

Why Change is Hard #Infographic Psychological biases play a huge role in our resistance to change. Ego depletion, status quo, loss-aversion, and sunk cost bias are a few psychological biases that will help you understand why you are hesitant to change! -Dr. Nicole Lipkin, Equilibria Leadership Consulting #psychologicalbiases #psychology #business #change #leadershipconsulting

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