upside - by Ava - bookbear express
I meet up with a subscriber who has become a friend. We go to Dalva, though he doesn’t drink. We talk about fear. I tell him about my life and he says: you seem to value upside as much you you value downside
Charline von Heyl, Vandals Without Sandals, 2018 I meet up with a subscriber who has become a friend. We go to Dalva, though he doesn’t drink. We talk about fear. I tell him about my life and he says: you seem to value upside as much you you value downside. Most people are obsessed with potential downside. There’s a term for it, of course: loss aversion. People tend to value what they might lose as twice as much as what they might gain. I must have read about this somewhere, it’s one of those ubiquitous concepts you can’t escape, but I had never thought about it deeply until that moment.…
related reading
- Loss aversion - The Decision Labthedecisionlab.com
- Post 33: Seek Upside Risk - Neel Nandaneelnanda.io
- YOU CAN GET WHAT YOU WANT OR YOU CAN JUST GET OLDmindslice.substack.com
- Loss aversion - BehavioralEconomics.com | The BE Hubbehavioraleconomics.com
- The Framing of Decisions and the Psychology of Choicesites.stat.columbia.edu
- Mini Blog Post 15: The illusion of doing nothing - Neel Nandaneelnanda.io
- Risk aversion - Wikipediaen.wikipedia.org
- If I Asked You About Love, Which Sonnet Would You Quote?myowndiary.substack.com
- everything is a win when the goal is to experienceyearlyblues.substack.com
- Why it can be OK to predictably lose - Joe Carlsmithjoecarlsmith.com
- Scope Insensitivity — LessWronglesswrong.com
- On Devastating Losses and What You Get to Keepthedosagemakesitso.substack.com