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(HealthNewsDigest.com).. New Haven, CT - The basic economic theory that people work harder to avoid losing money than they do to make money is shared by monkeys, suggesting this trait has a long evolutionary history, according to a Yale University study under review by the Journal of Political Economy.
This phenomenon, known as "loss aversion," refers to the tendency for people to strongly prefer avoiding losses to acquiring gains. "A large body of studies suggest that losses are more than twice as psychologically powerful as gains," said author M. Keith Chen, assistant professor at Yale School of Management.
http://healthnewsdigest.com/news/article_1945.shtml
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The more you have the harder you struggle to keep it. Which is why the rich really fucking hate us trying to "socialize wealth"
It's also why I have a problem with house ownership in general. The theory is nice, and I like the idea of a "home" but... It reinforces the mindset of kings and the aristocracy. It sees power in it's hands, and doesn't really like to devolve it any further.
Yes it's a natural tendency, but when power is given, it's that much harder to redistribute in a more equitable manner.
This phenomenon, known as "loss aversion," refers to the tendency for people to strongly prefer avoiding losses to acquiring gains. "A large body of studies suggest that losses are more than twice as psychologically powerful as gains," said author M. Keith Chen, assistant professor at Yale School of Management.
http://healthnewsdigest.com/news/article_1945.shtml
-------
The more you have the harder you struggle to keep it. Which is why the rich really fucking hate us trying to "socialize wealth"
It's also why I have a problem with house ownership in general. The theory is nice, and I like the idea of a "home" but... It reinforces the mindset of kings and the aristocracy. It sees power in it's hands, and doesn't really like to devolve it any further.
Yes it's a natural tendency, but when power is given, it's that much harder to redistribute in a more equitable manner.
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