The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics cover image

223. Negativity Bias: Cockroaches and Cherries, a Behavioral Economics Foundations Episode

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

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Negativey Bias, Negativity, Dominance and Contagion

A single cockroach can ruin a bowl of cherries, but an individual cherry will do nothing for a bowl of cockroaches. The common example that comes up here is when we think about trust, or loyalty,. When you think of reputation, they say it takes a lifetime to build one and a second to break one. And no matter how many more cherries they pile on top, this one negative could be the thing that defines everything for you if you allow yourself to focus on it. It's important to realize when negativey bias and specifically, contagion, could be coloring a lot more than it should. Getting away from humans as our only example, consider this. Is there

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