Loss Aversion, Your Risk Stick

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Loss aversion also shapes our cultural stories and our paths like the Green New Deal. As a culture we're not willing to give up anything that we've become accustomed to possessing. And finally I think knowing about loss aversion perhaps shifting one's definition of self worth away from material net worth could be a great adaptive strategy, not to mention true.

On this Frankly, Nate reflects on his experiences in the financial industry with the cognitive bias Loss Aversion and the ways it may manifest to the coming material throughput declines during The Great Simplification. Why do losses feel so much stronger to us than gains - even when we have an overabundance of wealth? Can being aware of this evolved psychological trait diffuse its intensity? How does this affect our ability to perceive and plan for the reality of less available energy and resources in the future?

To Watch on Youtube: https://youtu.be/cKqu3gH1Mz4

For Show Notes and More: https://www.thegreatsimplification.com/frankly-original/25-loss-aversion