4 ms·
>> it "feels" wrong to give a corporation-sized punishment to a small group of individuals This feeling has a name; loss aversion. It's a really interesting h
by bruce511 1y ago
>> it "feels" wrong to give a corporation-sized punishment to a small group of individuals
This feeling has a name; loss aversion.
It's a really interesting human traits. About 66% of people feel bad when someone else does well. The impact of this feeling on behavior (even behavior that is self-harming) is instructive.
The concept of "Fairness" comes into play as well. Many people have an expectation that the "world is fair" despite every evidence that it isn't. That results in "everything I don't get is unfair" whereas "everything I get I earned on my own." Someone rlse getting a windfall is thus "unfair".
- thfuran 1y agoThat really doesn't sound like loss aversion.
- stouset 1y agoIt is definitely not loss aversion. It also has nothing to do with whether or not someone else is getting the money. Handing me nearly half a billion because a parent died would certainty be welcome, but I think it would feel equally as disproportionate and out-of-place.
- __m 1y agoKilled, not just died.