Re:Tesla must pay $329M in damages in fatal Autopilot case, ...
by thfuran on Friday August 01, 2025 @05:18PM
(#44762622)
That really doesn't sound like loss aversion.
Re:Tesla must pay $329M in damages in fatal Autopilot case, ...
by stouset on Friday August 01, 2025 @10:23PM
(#44764425)
It 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.
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".