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Gemma Spake

๐Ÿ‘ค Speaker
1346 total appearances

Appearances Over Time

Podcast Appearances

The Psychology of your 20s
377. Why do we resist change?

The people who had 10 tokens taken away suggested they had lost almost 15% more than they actually had.

The Psychology of your 20s
377. Why do we resist change?

Whereas those who had gained extras usually estimated it more accurately.

The Psychology of your 20s
377. Why do we resist change?

They usually were like, yeah, around 10%.

The Psychology of your 20s
377. Why do we resist change?

around around five percent around ten percent whatever it was these people weren't just bad at math right what it's really showing is that our brains focus expand skew our perception of what we have to lose this means that when we encounter situations of uncertainty and change even good change

The Psychology of your 20s
377. Why do we resist change?

Our anticipation for what may go wrong will often be so much greater than our excitement for the possibility of what will go right.

The Psychology of your 20s
377. Why do we resist change?

This contributes to what we know as the status quo bias.

The Psychology of your 20s
377. Why do we resist change?

Basically, we'd rather stick with how things are, even if they're not amazing, because change feels too risky and too much of a burden.

The Psychology of your 20s
377. Why do we resist change?

There's actually quite a famous paper from the 80s that explores this.

The Psychology of your 20s
377. Why do we resist change?

It was published in the Journal of Risk and Uncertainty and essentially in a series of these decision-making experiments where participants were given a default option.

The Psychology of your 20s
377. Why do we resist change?

They disproportionately stuck with that option, even when the alternatives were objectively better.

The Psychology of your 20s
377. Why do we resist change?

They could win $20.

The Psychology of your 20s
377. Why do we resist change?

They could win prizes.

The Psychology of your 20s
377. Why do we resist change?

They could also lose $10, but they actually went for neither of those things.

The Psychology of your 20s
377. Why do we resist change?

They didn't want to win $20.

The Psychology of your 20s
377. Why do we resist change?

They didn't want to lose $10.

The Psychology of your 20s
377. Why do we resist change?

They just did nothing.

The Psychology of your 20s
377. Why do we resist change?

They stuck with what they had.

The Psychology of your 20s
377. Why do we resist change?

Now, if we apply this pattern of behavior to our actual lives,

The Psychology of your 20s
377. Why do we resist change?

Think about it.

The Psychology of your 20s
377. Why do we resist change?

You might be in a job that's all right.