Psychology

Losing £50 hurts about twice as much as winning £50 feels good

In experiments, most people refuse a coin flip unless they stand to win roughly double what they could lose. This asymmetry — loss aversion — quietly shapes everything from why we hold losing investments to why 'free trial ending' emails work so well.

Daniel Kahneman & Amos Tversky, Prospect Theory: An Analysis of Decision under Risk — Econometrica, 1979

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