loss aversion
4 statements across 3 episodes · 2 bullish · 0 bearish · 3 people on the record · first statement Sep 18, 2015 by Sanjay Bakshi · across every show →
Everything said about loss aversion, oldest first
Sep 18, 2015 positive
Bakshi: Great Businesses Are Risk-Averse but Not Loss-Averse
“The way I think about it is that I'm looking for businesses that, that are risk averse, but not loss averse. And those two things are very different. So what you're really looking for is somebody who doesn't mind making a few small bets. Many of them will go b…”
Jan 3, 2018 positive
Chris Voss: Every negotiator, including business sociopaths, is driven by loss aversion
“Everybody's driven by loss. You know, our sociopaths, which there's no shortage of them functioning in the business world. They're self-interested. They have desires. They're driven by loss, loss aversion. There's no getting around that.”
Oct 15, 2019
Kahneman: Policy reforms fail because potential losers fight harder than winners
“And it turns out that you can really expect losers, potential losers, to fight a lot harder than potential winners. And that's the reason that reforms so frequently fail, and that when they succeed, they're almost always way more expensive than anticipated, an…”
Oct 15, 2019
Kahneman: Agents making decisions on behalf of others skip loss aversion
“But there is an interesting result that if you have an agent making decisions on somebody's behalf, that agent doesn't have loss of urge. So that agent sells and buys at the same price, which is the economically rational thing to do.”