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Problem is, people are bad at numbers. That's why perks work. And once they have become established, you get loss aversion and cognitive biases. FB may be getti
by gwern 5y ago
Problem is, people are bad at numbers. That's why perks work. And once they have become established, you get loss aversion and cognitive biases. FB may be getting the worst of both worlds here: spending more money and pissing off their employees they are already struggling to retain. ("The elves leave Middle Earth.")