Loss Aversion

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[cam-inf-w]

Hold good beliefs that never go out of date

[UCrmaNCysyZipDZotXnZA]

Thank you! I do have a question though. In the case of special items like old family photos or nostalgic items, is it value or fear of loss? The items does not serve any practical benefit, but they do carry sentimental value. Should one just get rid of the items? Thank you for reading. Please reply, I would like to know what you think🙂

Edit: Ah, I missed an important detail. It is loss aversion if getting rid of or changing something will benefit you, but you don't get rid of it because you will lose it in the process. Getting rid of old family photos won't give any benefit, so it won't count as loss aversion. Again, thanks for the video.

[riel]

Kodak's still alive but it's true that they missed a big chance, asuming that we would have our own Loss Aversion; that we would like to have all our photos printed.