Economists view a rational human as someone who prefer more to less,to be rational,choice must be employed in making decisive decisions.
The truth remains that we are all irrational and we all make mental errors.Sometimes we make logical decisions but most time,we make emotional,irrational and confusing choices.The bellow errors show up in our daily choices and decisions:
1)LOSS AVERSION
This refers to our tendency to strongly prefer avoiding losses over acquiring gains.If one receive 20 pounds,he will experience an increase in satisfaction but when he loss same amount,there will be a drastic higher loss in satisfaction. the two conditions are opposite but different magnitude.
Therefore,our tendency to avoid loss influence our decisions and change our behavior.
Congratulations @amostunde! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPHello @amostunde! This is a friendly reminder that you have 3000 Partiko Points unclaimed in your Partiko account!
Partiko is a fast and beautiful mobile app for Steem, and it’s the most popular Steem mobile app out there! Download Partiko using the link below and login using SteemConnect to claim your 3000 Partiko points! You can easily convert them into Steem token!
https://partiko.app/referral/partiko
Congratulations @amostunde! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!