Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions
Dan Arielyamazon.com
Saved by sari
Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions
Saved by sari
Loss aversion works hand in hand with the endowment effect. We don’t want to give up what we own partly because we overvalue it, and we overvalue it partly because we don’t want to give it up.
people have a general tendency to stick with their current situation.