Friday, November 13, 2015

Losses v. Gains




The image above is pulled from behavioral economics.  The idea is that we feel losses twice as much as we feel gains (i.e. the joy I feel from winning $100 is equal to the pain I feel from losing $50).  I have a few quick hits on this:
  • Getting broken feels worse than getting a break feels good
  • As a team piles on breaks, they will get less pumped about each successive break
  • As a team gets blown out, they will care less and less about each successive break

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