Mind & Psychology Page 42

Technical insights and deep-dives in Mind & Psychology.

Magazine / Mind & Psychology

Veblen Goods: Buying to Show Off

May 10, 2025 · Thorstein Veblen

Usually, when price goes up, demand goes down. But for Veblen Goods, demand goes UP when price goes up. The psychology of luxury and status.

Magazine / Mind & Psychology

Loss Aversion: The Pain of Losing

Apr 27, 2025 · Daniel Kahneman

The pain of losing $100 is twice as intense as the pleasure of gaining $100. We are wired to protect what we have, not to gain more.