The claim is common; it appears, for instance, here.
I contend that this claim is itself irrational, and loss aversion makes perfect sense. Whatever I have now, I am getting by with it, and a loss of some of it might endanger my lifestyle, my family, or even my life.
Whatever I don't have now, I am getting by without it. And while getting it might seem attractive, I really don't know: perhaps it would ruin me! (Think of the curse of the lottery winner.)
"distracted from distraction by distraction" - T.S. Eliot I've been reading a little on how Facebook and other social netwo...
Declares LewRockwell.com : "All of this means that while the government has been artificially propping up the economy and 'stimu...
Is shaping up nicely .
The language won't die, but that doesn't mean the programmers won't ! Funny quote: '"Just because a language is 50...