TOUCH THAT AND I’LL KILL YOU: The Amazing Power of Loss Aversion

Image taken from http://twodashstash.com

Image taken from twodashstash.com

Resident Evil 4 is the best game ever made. Hands down.

You don’t agree? Well then, let me rephrase: I think Resident Evil 4 is the best game ever made.

No dice? Fine: I think Resident Evil 4 is the best game ever made, but I could be wrong.

There is nothing materially distinct about those statements. They all express an opinion that Resident Evil 4 is the greatest game ever made. But I’m going to guess that your reaction to each of them was incrementally less severe (unless you also think RE4 is the greatest game ever made). Why? Loss aversion. Continue reading

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