Yes when we look at it from both an individual level and a societal level. There's a very very strong aversion to loss and many decisions (including my own) are based on the concept of not losing something. Many times these decisions lead to making decisions that are sub-optimal (for the thing that's being optimized for).
By extension, many people apply this thinking to businesses and higher levels as well.
Yes when we look at it from both an individual level and a societal level. There's a very very strong aversion to loss and many decisions (including my own) are based on the concept of not losing something. Many times these decisions lead to making decisions that are sub-optimal (for the thing that's being optimized for).
By extension, many people apply this thinking to businesses and higher levels as well.