We hate losses about twice as much as we enjoy gains, meaning we are more likely to act unethically to avoid a loss than to secure a gain. This phenomenon is known as loss aversion.
Ethics Unwrapped Blog
The inability of Congress and the President to work together to avoid the “fiscal cliff” until well after their failure to do so had caused real damage to the American economy highlights a deeply troubling problem in the U.S. democratic system. It is tempting to put all the blame on politicians for America’s bitter ideological […]