The Diary Of A CEO with Steven Bartlett cover image

Former Netflix CEO: “They're Lying To You About Hard Work!” Building a $278 Billion Company Wasn’t Built On Hard Work!

The Diary Of A CEO with Steven Bartlett

NOTE

Loss Feels Heavier Than Gain

Research indicates that the pain of loss is significantly more impactful than the pleasure of an equivalent gain. When individuals experience a loss, such as a $10 late fee, they often require double or triple that amount in gain to alleviate the emotional impact of the loss. This phenomenon is illustrated in the concept of loss aversion, where the negative feelings associated with losing outweigh the positive feelings associated with gaining the same amount.

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