Profit and Loss

Profit and Loss

Psychologically, people prefer avoiding losses than gaining wins. It is better to not lose $5 than to find $5. This is called Loss Aversion. Some studies even have suggested that losses are twice as powerful psychologically than gains.

Previous Fact Next Fact
Categories: FinancePeople

Latest FactRepublic Video

15 Most Controversial & Costly Blunders in History

Sponsored Links