Behavioral Economics

Deprivation of Super-Reaction Tendency: Psychological Mechanisms and Real-World Impact

Asymmetry of Pleasure and Pain The pleasure a person gains from $10 is not equal to the pain brought by losing $10. In other words, the damage caused by loss far exceeds the pleasure caused by gain. Furthermore, if a person is about to receive something they desperately desire, but this item is snatched away at the last moment, their reaction will be as if they had owned it for a long time only to have it suddenly taken away. ...

Focus on What You Know, Can Do, and Have

Many people often spend their entire lives thinking about things they don’t know, can’t do, or don’t have. First, solving someone else’s problem for them can earn you a lot of money; second, focus your energy on what you know, can do, and have.

Opportunities abound everywhere, but you can only see them when you seek for them.

Gia, opportunities abound everywhere, but you can only see them when you seek for them. Only when you have a strong desire in your heart will you go in search of opportunities. And when you imagine, the strong desire arises.