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The trick is to start looking at outcomes in the aggregate instead of focusing on each unique situation.
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Shane Parrish and Rhiannon Beaubien, The Great Mental Models Volume 2: Physics, Chemistry and Biology (Amazon)
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.lossaversion dont focus on whetgee you win or lose on a given occasion. Look at the aggregate of all occassions
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Peter Duffy
lossaversion
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Loss aversion (a psychological theory by which a loss is more painful than a gain is pleasant): in Livy's Annals (XXX, 21) Men feel the good less intensely than the bad.fn6 Nearly all the letters of Seneca have some element of loss aversion.
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606
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Nassim Nicholas Taleb, Skin in the Game: Hidden Asymmetries in Daily Life (Amazon)
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.lossaversion we feel bad things more intensely than good things
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Peter Duffy
lossaversion