Re:Being poor changes your thinking about everything
by sygma on Saturday September 14, 2013 @09:34AM
(#6385504)
she's more concerned about what she lost than the fact that her gain was almost equal to a poor person's annual income. She couldn't even frame her payrise as a positive
I wonder if this is related to "loss aversion" [0]. According to Kahneman's research, people tend to strongly prefer avoiding losses to acquiring gains. She has a net loss in satisfaction because the hit caused by losing 30% of her salary is bigger than the win resulting from making 70%.
I wonder if this is related to "loss aversion" [0]. According to Kahneman's research, people tend to strongly prefer avoiding losses to acquiring gains. She has a net loss in satisfaction because the hit caused by losing 30% of her salary is bigger than the win resulting from making 70%.
[0]: http://en.wikipedia.org/wiki/Loss_aversion