Psychology
Why can’t we get over the losses and we lose even more? Is the Concorde construction up to a typical sunk cost example?
Words have the power to make things happen. They are the main channel of communication in society. When we ask for something, we usually use words. However, what we say is not always important, or at least partly so. The word “because” can work wonders.
“The less money in a lost wallet, the greater the chance of getting it back.” Are you telling you intuition and economists? How is it really?
He found $ 17 thousand but it’s surprising what happened when he gave it back.
Casinos make a lot of money on the players who lost their recent savings. And all this is due to cognitive mistakes that encourage gambling.
Interactive automated behavioral-cognitive therapy is new hope in the fight against insomnia.