Reels tagged #economics
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Psychology
Losing hurts about twice as much as winning feels good
Loss aversion, measured by Kahneman and Tversky, means people work harder to avoid losing something than to gain the same amount. It quietly shapes prices, insurance and bets.
Economics
Hyperinflation once doubled prices twice a day
In 1946 Hungary's pengő lost value so fast that shops repriced through the day — the worst inflation ever recorded.