› added 2 years ago

72

TIL about Len Koenecke, a Brooklyn Dodgers outfielder who died in 1935 from a blow to the head when he tried to seize control of an airplane

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JYPm1 TIL that the pain of loss is more powerful psychologically than the joy of gain, according to the concept of "loss aversion" identified by Amos Tversky and Daniel Kahneman. People tend to prefer avoiding losses to acquiring equivalent gains, for example, it is better to not lose $5 than to find $5.
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