Glossary L
Glossary L
Deutsch: Verlierer / Español: Perdedor / Português: Perdedor / Français: Perdant / Italiano: Sconfitto /
Loser refers to one that is worthless.
Deutsch: Verlust / Español: Pérdida / Português: Perda / Français: Perte / Italiano: Perdita /
Loss means to be separated from and deprived of a valued person, object, status, or relationship; may involve death or other types of endings or terminations; primary losses involve the ending of a basic attachment; secondary losses are those that follow from a primary loss.
Deutsch: Verlustaversion / Español: Aversión a la Pérdida / Português: Aversão à Perda / Français: Aversion à la Perte / Italian: Avversione alla Perdita
Loss aversion in the psychology context refers to the tendency for individuals to prefer avoiding losses rather than acquiring equivalent gains. This means that the pain of losing something is psychologically more powerful than the pleasure of gaining something of the same value. Loss aversion is a key concept in behavioural economics and decision-making theories, illustrating how people often make irrational choices to avoid losses, even when it might not be in their best interest.