Myopic Loss Aversion: Why Buyers Fear Losses More Than They Want Gains
Myopic loss aversion is the tendency for people to feel losses more acutely than equivalent gains, and to make decisions based on short-term pain rather than long-term benefit. It was formalised by behavioural economists Richard Thaler and Shlomo Benartzi, and it sits at the heart of why buyers hesitate, stall, or walk away from decisions…
