Germany needs to rearm – but it’s easy to understand our aversion to the idea. We have to explain to people that if they want to live in a free and peaceful Europe, we need a strong military so that ...

DataTrek co-founder Nicholas Colas recently discussed the behavioral bias of loss aversion, and it doesn’t just affect investors. A study of professional PGA golfers by Chicago Booth Professor ...

Loss aversion is a cognitive bias that seeks to explain why people consider losses to be more significant than an equivalent gain. In the financial world, this term is used to explain why ...

Snyder points to the book as a manual to draw lessons from the 20th century, over the course of regime changes, "so that people can have a sense that even when they are shocked, and even when day ...

A study, published in the journal Risk Sciences, explores the influence of optimism bias on decision-making in cyber risk management, and introduces a novel model that integrates utility loss ...