Loss aversion
Pg.61 : Letters from a Stoic
“It is not the loss that troubles us
With reference to these things,
But a notion of loss”
Look about the things
That drives you mad
Which we lose
With a flood of tears
It is not the loss
That troubles us
But the notion of loss
That mind tells you so
He who owns himself
Has lost nothing
How only few are blessed
with ownership of self!
Daniel Kahneman talks about similar concept in his book: Thinking Fast and Slow
“When you are about to sell a thing
You overestimate the value
When you are planning to keep it
For ever
You underestimate the gain!
This is a crucial and polymorphic behavior of Human!”
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