loss aversion

2 results

  Michael Lewis, author of The Undoing Project and, previously, The Big Short. Photograph: TJ Kirkpatrick/Getty

Investors have long lapped up the work of Michael Lewis, the author of financial bestsellers such as Liar’s Poker, Flash Boys and The Big Short. Lewis(...)

Winners and losers: “The more often people look at their portfolios, the less willing they will be to take on risk, because if you look at it more often, you will experience more lossesm” says Richard Thaler. Photograph: Spencer Platt/Getty Images

In a world populated by Spock-like econs, all of us would conduct our financial affairs in a rational, self-interested manner. However, the world is p(...)