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Loss Aversion vs The Endowment Effect
2021-10-12 • by dreevesThis is part 1 of a two-part series. First we explain loss aversion and how it’s distinct from the endowment effect. (Spoiler: loss aversion is a generalization of the endowment effect.) Asking Google how those things are different currently yields a fog of opaque logorrhea, so we hope this is enlightening....
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Loss Aversion Aversion
2021-10-30 • by dreevesThis is part 2 of our two-part series on loss aversion. Previously we explained loss aversion and how it’s distinct from the endowment effect. Here we (as Beeminder) disavow loss aversion as a tool for behavior change. This isn’t like “Ego Depletion Depletion” or other debunking posts we’ve done. We...
About
Beeminder is goal-tracking with teeth. We plot your progress on a graph with a Bright Red Line (formerly Yellow Brick Road). If your datapoints cross that line, we take your money.
The Beeminder blog is a hodgepodge of productivity nerdery and behavioral economics written by the founders and various friends.
Start Here
Does Beeminder sound super crazypants? Just confusing? One of the first things you may want to check out is our User's Guide for New Bees. Check out other posts we're most proud of by clicking the "best-of" tag below. If you're a glutton for honey, the "bee-all" tag has everything we still think is worth reading. Other good ones are the "rationality" and "science" tags, if you're into that.
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Beeminder Community
Most of the action is in the Beeminder forum. Or if you want to be slightly social without risking getting distracted arguing on the internet, you can do pomodoros online in sync with other Beeminder users and productivity nerds in the Beeminder coworking room on Complice.
Akrasia
Akrasia (ancient Greek ἀκρασία, "lacking command over oneself"; adjective: "akratic") is the state of acting against one's better judgment, not doing what one genuinely wants to do. It encompasses procrastination, lack of self-control, lack of follow-through, and any kind of addictive behavior.