4 ms·
Loss aversion is a human bias that has fairly obvious evolutionary origins: fear is a stronger behavioral motivator than risk-seeking tendency because it confer
by sp527 9y ago
Loss aversion is a human bias that has fairly obvious evolutionary origins: fear is a stronger behavioral motivator than risk-seeking tendency because it confers a survival advantage (‘you only die once’).
- wjmao88 9y agoAnd ‘you only die once’ is the ultimate form of tail risk.