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EPISODE · Jan 18, 2023 · 15 MIN

Airplane Seat Switching and The Endowment Effect: Having Empathy and Understanding Our Own Fallacies

from Product Thinking · host Kyle Evans

Loss aversion, or the endowment effect, is a cognitive bias that describes why, for individuals, the pain of losing is psychologically twice as powerful as the pleasure of gaining. Once you recognize the endowment effect or loss aversion, you will begin to see it more frequently. From switching airplane seats to company changes. Don't forget to subscribe at productthinking.ccWeekly newsletter: Airplane Seat Switching and The Endowment EffectOr just want to leave a tip: buy me a coffee?Twitter: @kylelarryevans and @producthinking and @prod_by_designTikTok: @producthinking ★ Support this podcast ★

Episode metadata supplied by the publisher feed · Published Jan 18, 2023

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Loss aversion, or the endowment effect, is a cognitive bias that describes why, for individuals, the pain of losing is psychologically twice as powerful as the pleasure of gaining. Once you recognize the endowment effect or loss aversion, you will begin to see it more frequently. From switching airplane seats to company changes.

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Airplane Seat Switching and The Endowment Effect: Having Empathy and Understanding Our Own Fallacies

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