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Fundamentally transforming default thinking patterns that have been etched deeply through years of habit and experience. ...and hundreds of thousands of years
by saturdaysaint 9y ago
Fundamentally transforming default thinking patterns that have been etched deeply through years of habit and experience.
...and hundreds of thousands of years of evolution. We are hard wired to spend an inordinate amount of time and attention on averting losses of all kinds, often to a degree that confounds any sort of cost/benefit analysis.
- fjsolwmv 9y agoNot really. Young people are naturally adventurous, and old people are naturally cautious. It's a balance of life stages that works really well for society in aggregate.
- saturdaysaint 9y agoBoth are averting losses of different kinds. Young people are driven by social pressures (FOMO), old people are avoiding bigger risks (mortality, financial calamity). This is bog standard behavioral economics. I highly recommend Daniel Kahneman's "Thinking, Fast and Slow".