The End of Growth and Loss Aversion

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Loss aversion is going to be one of the main cognitive biases that hit our society writ large in this financial biophysical rubber band snapping moment. The negative psychic feeling from losing research has shown in our species and in other species is twice as strong emotionally. And I think that's coming our way financially for sure in many areas of the world.

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