Quotes About Aversion

The example also shows that it is costly to be risk averse for gains and risk seeking for losses. These attitudes make you willing to pay a premium to obtain a sure gain rather than face a gamble, and also willing to pay a premium (in expected value) to avoid a sure loss.

The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics

a single cockroach will completely wreck the appeal of a bowl of cherries, but a cherry will do nothing at all for a bowl of cockroaches. As he points out, the negative trumps the positive in many ways, and loss aversion is one of many manifestations of a broad negativity dominance.

Loss aversion refers to the relative strength of two motives: we are driven more strongly to avoid losses than to achieve gains. A reference point is sometimes the status quo, but it can also be a goal in the future: not achieving a goal is a loss, exceeding the goal is a gain. As we might expect from negativity dominance, the two motives are not equally powerful. The aversion to the failure of not reaching the goal is much stronger than the desire to exceed it.

risk-averse decision maker will choose a sure thing that is less than expected value, in effect paying a premium to avoid the uncertainty.

the response to losses is stronger than the response to corresponding gains. This is loss aversion.

Although hindsight and the outcome bias generally foster risk aversion, they also bring undeserved rewards to irresponsible risk seekers, such as a general or an entrepreneur who took a crazy gamble and won.

THE VALUES ARE UNEQUAL BECAUSE OF LOSS AVERSION

We have inherited from our ancestors a great facility to learn when to be afraid. Indeed, one experience is often sufficient to establish a long term aversion and fear.

Le verbe lire ne supporte pas l'impératif. Aversion qu'il aime partager avec quelques autres : le verbe « aimer »Ã¢â'¬Â¦ le verbe « rêver »Ã¢â'¬Â¦

To be honest with you, I've always felt a little Jewish." "You have an aversion to shellfish and German opera?" "I was speaking in a spiritual sense." "You're a professional assassin, Keller.

I have never liked working. To me a job is an invasion of privacy.

I would rather undergo a vasectomy via Weed Whacker than attend an opera.

You don't like the girl. You don't know what color eyes she has, you don't like her.

If a man felt hostility and aversion, but saw that he had poor or no grounds for his feeling, the remedy was to look for good or at least better grounds--a search hid predisposing thoughts would help him in.

At this point, Chester started to bathe his tail, which is a cat's way of changing a subject he finds uncomfortable.

from any anatomical disgust

Extraordinary, is it not, how he cannot bear music?

Damn it, said Wimsey, savagely, I always did hate watering-places!

I find most of the human race extraordinarily repulsive. They probably reciprocate this feeling.

Suzanne likes thrills, but she hates being uncomfortable.

I despise hearing about other people's problems, because I don't like most people, especially people who would be described as normal.

all his longings came out as a kind of disdain for what he longed for.

I don't like Philly. I don't care at all about Philly.