TopHot
LPT: “Time is Money” is a phrase that is overused but not very effective. Rephrasing it to “Delay is Debt” awakens our inner “loss aversion” (or “loss attention”) bias to protect what we already own instead of trying to acquire more.
LPT: "Time is Money" is a phrase that is overused but not very effective. Rephrasing it to "Delay is Debt" awakens our inner "loss aversion" (or "loss attention") bias to protect what we already own instead of trying to acquire more. for those interested:https://en.wikipedia.org/wiki/Loss_aversion A video I made regarding this in little more detail:https://www.youtube.com/watch?v=vUX_Qea3Eu8 https://news.uchicago.edu/story/student-performance-improves-when-teachers-given-incentives-upfront
submitted by /u/MakingMoney654
Category:
