A recent study claims a core idea in behavioural economics – loss aversion – is a fallacy. Loss aversion is the theory that the pain of losing something is greater than the pleasure we feel by gaining something equivalent.
Aug 21, 2018
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Mandatory public reporting of coronary artery bypass grafting (CABG) results in Massachusetts was associated with better patient outcomes compared to national findings, according to a recent study. Results of the 13-year ...
Apr 30, 2018
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Life is a series of choices. Every time you make a decision, there is a possibility that things won't go as expected (risk) or that something bad will happen (loss). Aversion to risk and loss have powerful influences on how ...
Jun 6, 2017
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Our brain's changing structure, not simply getting older and wiser, most affects our attitudes to risk, according to new research.
Dec 13, 2016
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Memory is not a simple box of souvenirs; it is also, and most importantly, a safety system for organisms. With the help of negative memories, known as "aversive" memories, we can avoid a threat that we have already confronted. ...
Sep 25, 2015
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Charities have long wrestled with the issue of persuading people to donate their time to worthy causes. Many potential time-givers donate money instead due to the perceived psychological costs of giving their time – which ...
Jun 5, 2015
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(Medical Xpress)—In 1949, Donald O. Hebb (often called the father of neuropsychology and neural networks) published The Organization of Behavior: A Neuropsychological Theory1, connecting the two previously distinct areas ...
There is a link between our brain structure and our tolerance of risk, new research suggests.
Sep 12, 2014
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High levels of the stress hormone cortisol may contribute to the risk aversion and 'irrational pessimism' found among bankers and fund managers during financial crises, according to a new study.
Feb 17, 2014
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