[Ailist] ScienceDaily: When Positive Thinking Leads To FinancialIrresponsibility Like Compulsive Gambling

[Lionel Boxer]

This:

"When the outcome of an experience including both positive and negative events results in a net gain, people look for ways to integrate positive and negative events to reduce, if not cancel, the pain associated with the negative events," Cowley explains.

sounds like the recipe for a long and happy marriage.

Lionel Boxer CD PhD MBA BTech(IndEng) - 0411267256
Associate of RMIT University - lionel.boxer at rmit.edu.au
Graduate School of Business
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The Sustainable Way: http://intergon.net/tsw
>>> <stephanie at allen-nichols.com> 23/04/08 8:48 AM >>>
Stephanie (stephanie at allen-nichols.com) has sent you a link to the following page on ScienceDaily:

When Positive Thinking Leads To Financial Irresponsibility Like Compulsive Gambling
http://www.sciencedaily.com/releases/2008/04/080421111630.htm

Looking on the bright side can lead to irresponsible financial behavior, reveals a new article. In a series of studies, scientists examine repeat gambling in the face of loss. They find that people often engage in too much positive thinking, selectively focusing on one win among hundreds of losses when they think back on the overall experience.

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