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The value function that passes through the reference point is s-shaped and asymmetrical. The value function is steeper for losses than gains indicating that losses outweigh gains. Prospect theory stems from loss aversion, where the observation is that agents asymmetrically feel losses greater than that of an equivalent gain. It centralises ...
The expansion of the big modern cities gives the land in certain sections of them, particularly in those which are centrally situated, an artificial, often economically increasing, value; the buildings erected in those areas depress this value . . . because they no longer correspond to the changed circumstances. . . .
The evolution of life, including human life, is a product of blind physical and chemical forces and serves no apparent purpose. [ 11 ] : 35–36 Similarly, Peter Wessel Zapffe , a Nowergian philosopher from the 20th century, articulates a profound sense of existential despair rooted in the nature of human interests and the limitations of our ...
The pandemic revealed the full extent of the U.S. housing crisis. Where were the roughly 580,000 people living unhoused in 2020 to go under "stay at home" orders? and what about those facing eviction?
“Logic is there’s a housing shortage,” Ramsey said. He believes Shane shouldn't be in a hurry to sell. “You’re going to see your home values rise in 12 months, just write it down and say ...
Housing, Theory and Society is a quarterly peer-reviewed academic journal covering the fields of housing studies, social theory and social policy. The editor-in-chief is Hannu Ruonavaara (University of Turku) and it is published by Routledge. It was established in 1984 as Scandinavian Housing and Planning Research, obtaining its current name in ...
In this video segment, Kahneman explains how his work in psychology and behavioral economics has affected his own life, and Daniel Kahneman on Leadership, Optimism, and the Work-Life Balance Skip ...
According to Julio Cabrera's ontology, human life has a structurally negative value. Under this view, human life does not provoke discomfort in humans due to the particular events that happen in the lives of each individual, but due to the very being or nature of human existence as such.