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benthompson's profile
Ben Thompson
Ben Thompson
Ben Thompson
Verified account
@benthompson

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Ben ThompsonVerified account

@benthompson

Author/Founder of @stratechery. Host of @exponentfm. @notechben for sports. @monkbent on other networks. Home on the Internet.

Taipei, Taiwan
stratechery.com
Joined December 2006

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    Ben Thompson‏Verified account @benthompson 17 Feb 2014

    Corollary: people are far more sensitive to losing what they have than in not gaining what they might have.

    6:28 PM - 17 Feb 2014
    • 10 Retweets
    • 12 Likes
    • Abdul Rahman Eric Pittman Emre Barish Wes Hooper Bobby Grasberger justin spratt 🚗 Ben Hathaway Marcelo Fuentes S.M. Brenton Woo
    8 replies 10 retweets 12 likes
      1. New conversation
      2. Thomas Reagan‏ @tkreagan 17 Feb 2014
        Replying to @benthompson

        @monkbent Not sure if this is what you meant, but that’s Prospect Theory 101 http://en.m.wikipedia.org/wiki/Prospect_theory …

        1 reply 0 retweets 0 likes
      3. Ben Thompson‏Verified account @benthompson 17 Feb 2014
        Replying to @tkreagan

        @tkreagan yep. Not a new concept. But I don’t think people usually think about it as “risk"

        1 reply 0 retweets 0 likes
      4. Thomas Reagan‏ @tkreagan 17 Feb 2014
        Replying to @benthompson

        @monkbent And the terminology is important here, not just semantics. Framing lost opportunities as a “risk” inverts the value function.

        1 reply 0 retweets 0 likes
      5. Ben Thompson‏Verified account @benthompson 17 Feb 2014
        Replying to @tkreagan

        @tkreagan exactly :)

        0 replies 0 retweets 0 likes
      6. End of conversation
      1. New conversation
      2. The Barber of Civil‏ @haggersnash 17 Feb 2014
        Replying to @benthompson

        @monkbent Has your Twitter account been hacked by Deepak Chopra, "Doctor" Phil or fortune cookie writers? Because that's completely asinine.

        1 reply 0 retweets 0 likes
      3. Ben Thompson‏Verified account @benthompson 17 Feb 2014
        Replying to @haggersnash

        @haggersnash fortune cookie writers

        1 reply 0 retweets 0 likes
      4. The Barber of Civil‏ @haggersnash 17 Feb 2014
        Replying to @benthompson

        @monkbent Thanks, that's what I suspected. Twitter doesn't *do* context and that was not as cogent as your usual writing.

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. New conversation
      2. No Comment‏ @drance 17 Feb 2014
        Replying to @benthompson

        @monkbent A certain type of person. This is definitely a personality thing, not a human thing.

        1 reply 0 retweets 1 like
      3. 1 more reply
      1. Stephen‏ @stephenballot 17 Feb 2014
        Replying to @benthompson

        @monkbent channeling Taleb?

        0 replies 0 retweets 0 likes
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      1. Oleg Makaed‏ @makaed 17 Feb 2014
        Replying to @benthompson

        @monkbent Well, it is known vs. unknown, so it's easier to get attached to what already exits in your life.

        0 replies 0 retweets 0 likes
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      1. Bernard Leong‏Verified account @bernardleong 17 Feb 2014
        Replying to @benthompson

        @monkbent Consequence: that's why we have so few successful entrepreneurs and so many merry employees in the world. Obvious.

        0 replies 0 retweets 0 likes
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      1. Ben Hays‏ @bhays 17 Feb 2014
        Replying to @benthompson

        @monkbent as they say: you can’t do anything wrong if you don’t do anything at all.

        0 replies 0 retweets 0 likes
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      1. Neven Mrgan‏Verified account @mrgan 17 Feb 2014
        Replying to @benthompson

        @monkbent Not entirely irrational, either; things you already have contain hidden, added value: information.

        0 replies 0 retweets 0 likes
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