Posted inBusiness

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Loss aversion is a powerful conservative force that favors minimal changes from the status quo - Daniel Kahneman
At its core, this means our fear of losing what we have is a much stronger motivator than our desire to gain something new. It's not about being rational; it's about being safe.
Posted inPersonal Development

Wise advice on Verified

You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general - Daniel Kahneman
The core message here is brutally simple: personal, unexpected self-discovery trumps generic, external advice every single time. It's about the power of your own lived experience as the ultimate teacher.
Posted inBusiness

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Losses loom larger than gains - Daniel Kahneman
At its core, this quote means that the psychological pain of losing something is significantly more powerful than the pleasure we get from acquiring it. It's not a one-to-one ratio. The negative emotion simply outweighs the positive.