Jumpstart Your Dream Life

Why We Suffer From Losses More Than We Gain From Wins

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Imagine two scenarios:

In the first one, you make a $10 bet with a friend. You lose. The next day, fortune smiles on you as you walk down the street. You see a $10 bill lying on the sidewalk.

In the second scenario, nothing happens. You neither enter into any bet with anyone, nor do you find any money lying on the street.

In both scenarios, your net gain is $0.

Would both of these scenarios affect you the same psychologically? Or would one have a greater emotional impact than the other? Which scenario would you choose?

If you picked the second scenario, you made the right choice.

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The Streisand Effect: Why Censorship Leads to the Spread of Information

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In 2003, Barbra Streisand made a grave miscalculation.

She attempted to sue photographer Kenneth Adelman for invasion of privacy. In the process of documenting the California coastline, he photographed her Malibu mansion. Adelman then included the photo as part of the California Coastal Records Project.

Adelman created the publicly available 12,000 photo collection in order to document coastal erosion. His aim was to influence government policymakers. No matter the intent, Streisand didn’t take kindly to the inclusion of an image of her home. She launched a $50 million lawsuit.

Before the lawsuit, “Image 3850” had only been downloaded from Adelman’s site six times, two of which were by Streisand’s attorneys. Afterward? Over 420,000 people visited the site in a month due to the resulting publicity.

As for the lawsuit, things didn’t go well for Barbra Streisand. The case was dismissed and Streisand subsequently had to pay Adelman’s legal fees totaling $155,567.

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Ghosts, Monsters, and Curses: Why We (Still) Believe in the Unbelievable

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Bigfoot. Aliens. The Loch Ness Monster. There are all sorts of creatures out there that people buy into. While many of us see them as myth, there are many still who are rabid followers, chasing after any clues and signs.

Once in a while, something new pops up. A photo reveals a hazy shape off in the distance. Someone claims they saw a strange creature while hiking in the forest. A group of people hear unusual noises. When questionable evidence comes up, many people jump to the same conclusion every time: they were right all along.

However, there are few stories that have shared the same mystique as the legend behind the Hope Diamond.

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Just-World Hypothesis: Do People Always Get What They Deserve?

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“Whoops – My wand is a little over excited!” – Gilderoy Lockhart in Harry Potter and the Chamber of Secrets by J.K. Rowling

Do you believe people get what they deserve in the end?

Because that’s exactly what happens to Gilderoy Lockhart, a character in the Harry Potter books.

Born in 1964 to a Muggle father and a witch mother, Lockhart attended school at the Hogwarts School of Witchcraft and Wizardry, where he joined the house of Ravenclaw. While there, Lockhart proved to be a good student, even though he constantly attempted to seek attention for himself.

In 1982, Lockhart mastered the spell of Memory Charms, enabling him to erase people’s memories. After graduation, he travelled to all sorts of exotic places. Using his newfound skill, he learned the greatest deeds that witches and wizards performed before promptly erasing their memories and claiming their deeds as his own.

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The Man, The Boy, and the Donkey: A Lesson on Critics

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Have you ever received criticism that you felt was unfair or downright spiteful? If so, here is an interesting Aesop’s fable:

A man and his son were once going with their donkey to market. As they were walking along by his side a countryman passed them and said, “You fools, what is a donkey for but to ride upon?” So the man put the boy on the donkey, and they went on their way.

But soon they passed a group of men, one of whom said, “See that lazy youngster, he lets his father walk while he rides.”

So the man ordered his boy to get off, and got on himself. But they hadn’t gone far when they passed two women, one of whom said to the other, “Shame on that lazy lout to let his poor little son trudge along.”

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Play to Your Strengths, Hide Your Weaknesses

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At only four years old, Yeou-Cheng Ma exhibited a clear talent for the violin.

Under the tutelage of her father, a Ph.D. student at the Paris Conservatory of Music, Yeou-Cheng began to play the instrument at two-and-a-half years old. Only a year later, she entered in her first competition against students ranging from fourteen to nineteen years old. She won.

Her violin teacher praised Yeou-Cheng’s ability to her mother, a vocal student who later sang opera. She said, “Your daughter is a brilliant musician. There’s no doubt in my mind that she inherits this talent from you and your husband…It’s in her genes.”

Finally, the teacher added: “Mrs. Ma, what I’m trying to tell you is that I think it is a great pity that you don’t plan on having another child.”

At the time, the three of them lived in a tiny apartment in Paris. They struggled to earn a living and had barely enough for themselves. Yet, four years after the birth of their daughter, a son was born in 1955. He was named Yo-Yo Ma.

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Deadly Race to the South Pole: A Lesson on Being 110% Prepared

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The race was on.

It was the early twentieth century, and the world was running out of places to explore. Roald Amundsen, a Norwegian explorer, was determined to be the first to reach the South Pole.

He wasn’t the only one. Robert Scott, a British naval officer, was also preparing his team to reach the southernmost point of the Earth.

Previously, Amundsen’s initial goal was to become the first person to reach the North Pole. But when he heard that American explorer Robert Peary was leading an expedition to the Arctic, Amundsen swiftly changed plans and set his sights on Antarctica.

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The Art of Self-Deception: How We Bandage Up Wounds by Lying to Ourselves

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It’s easy to see why people lie to others: to keep their jobs, to avoid an argument with someone, to protect their reputation, or because they think everyone will be better off for it. It’s wrong, we know, but sometimes we figure that doing so is the best option in a sea of bad choices.

Lying to ourselves, though? It happens quite often, and as it turns out, we’re pretty good at it. We convince ourselves that we really need that new gadget, that we made a wise financial choice, or everything is fine (when it isn’t). Even if the evidence proves otherwise, we stick to our guns and refuse to back down.

More often than not, the lies we tell ourselves are harmful to our well-being and can be more damaging than we realize. So why do we do it?

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The Interesting Thing About Gut Instincts (Why It Plays Tricks On Us)

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This is part two of the Gut Instinct series. To read part one on gut instincts and people, click here.

Imagine you’re at a casino. Your palms are sweating as you hold a pair of dice in your hand. A crowd forms around the table and watches intently. This is it.

“I have a good feeling about this.”

You shake the dice loosely in your hand, hoping you’ll get lucky. Your fingers let go and the dice fly across the table. As the dice land on the board, you take one look and groan.

Regret begins to sink in.

Have you ever listened to that gut feeling you had, only for it to lead you astray? Sure, there were those times when you turned out to be right, but there are those other moments when things didn’t pan out the way you thought they would.

If Napoleon himself fell into that trap at Russia, what chance is there for the rest of us?

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Serial Killers and CEOs: The Role Our Gut Instinct Plays in Everyday Assessments

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“I knew there was something wrong about him.”

How many times we heard someone say this, or thought this in our heads? Whenever we feel conflicted about someone we meet, we hear the same thing over and over: “trust your gut.”

We might spend days, months, or even years trying to figure something out. Is there a good chance of succeeding in this new job? Should I trust her? The wheels in our head spin as we think of all the variables and how they’ll play out.

And still, we keep hearing that we should just listen to our instincts. Complicated questions, simple answer. What should we do, and where did this whole idea of the gut instinct come from, anyway?

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