2
- Loss aversion: Losses loom larger than gains in our perception, leading to risk-averse behavior in the face of potential losses.
— from The Flight Plan (Purpose/Wisdom/Risk) · Thinking Fast and Slow
In the book
The second is never filing a plan at all, usually out of fear, and dressing the avoidance up as patience. We are wired to overweight what we might lose: losses loom far larger in the mind than equivalent gains, and that loss-aversion quietly talks us out of the very risks a real destination requires. The perfectionist's version is to insist on getting every duck in a tidy row before taking off — but the row never comes, and the waiting is itself a decision. — The Flight Plan (Purpose/Wisdom/Risk)