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How Loss Aversion and Conformity Threaten Organizational Change

Decision theory in economics, psychology, philosophy, mathematics, and statistics is concerned with identifying the values, uncertainties and other issues relevant in a given decision, its rationality, and the resulting optimal decision. It is closely related to the field of game theory as to interactions of agents with at least partially conflicting interests whose decisions affect each other.

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Loss Aversion: how to use this mechanic to influence how students habitually study outside of the classroom.

More sneaky cognitive biases. Hindsight bias, Loss aversion and Recency bias. Parents in particular frustratingly seem to suffer from hindsight bias where everything becomes blindingly obvious as soon as a child has dropped the glass/fallen over/bumped into someone. Though careful is not so useful after the fact.

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Photographs of John and Jackie Kennedy openly expressing their affection, which was a rare event. After the Cuban Missile Crisis and especially after the loss of their son Patrick, their relationship became stronger and Jack started to shed his aversion to public displays of affection. The last photo is heartbreaking, as it was taken only a couple hours before JFK was assassinated and is one of only a few taken of them holding hands.

Photographs of John and Jackie Kennedy openly expressing their affection, which was a rare event. After the Cuban Missile Crisis and especially after the loss of their son Patrick, their relationship became stronger and Jack started to shed his aversion to public displays of affection. The last photo is heartbreaking, as it was taken only a couple hours before JFK was assassinated and is one of only a few taken of them holding hands.

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from Social

15 Psychological Studies That Will Boost Your Marketing

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from Harvard Business Review

How Loss Aversion and Conformity Threaten Organizational Change