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Old 06-23-2012, 12:04 AM   #1
journeyman
 
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Loss Aversion

What's the best way to deal with/eliminate loss aversion? I've gotten to a point where I accept variance pretty well. When I'm running bad, I don't really let it affect me. Then it will suddenly hit me that the money I lost is money that I actually don't have anymore which triggers an emotional response to loss.

A lot of times it happens after the session and I just feel horrible for some time afterwards, or sometimes it happens during the session and I start to get tilted. I know it's stupid. I can feel that I played the best poker I've ever played and still feel this silly emotional response to loss.

And it's not even real money I can spend. I actually don't even have any way to cash it out if i wanted to, and I grinded up my current bankroll from $20 so it's not even money I ever actually had. It's all money I made from poker in the first place... so it might as well be game points. And yet I still feel this stupid loss aversion...
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Old 06-23-2012, 06:39 AM   #2
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Re: Loss Aversion

Quote:
Originally Posted by Akhanar View Post
When I'm running bad, I don't really let it affect me. Then it will suddenly hit me that the money I lost is money that I actually don't have anymore which triggers an emotional response to loss.
Why do you think like that?
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Old 06-23-2012, 08:57 AM   #3
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Re: Loss Aversion

Quote:
Originally Posted by Zanardi View Post
Why do you think like that?
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Originally Posted by Akhanar View Post
an emotional response
emotional responses don't have logical reasons, so your question makes no sense.
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Old 06-23-2012, 01:55 PM   #4
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Re: Loss Aversion

No, but they have triggers. There is something that makes you feel like that.
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