You can help employees save more by reframing the terminology you use and timing communications to better help them so they won't be doing this at year's end. (Photo: Getty)
We're going to talk about loss aversion in a moment. But first, let's look at an example of it.
It's that time of year for various ailments. Cold, flu, post-nasal drip, you name it, folks get it. These annoyances wreak havoc on planning. You're really looking forward to go see the premiere of that smash hit movie, but the aches and sniffles make you want to stay home and rest. Here's the real-life paradox that arises from this situation. No matter how bad you feel, if you've already bought your tickets, you're going to the movie. If you haven't bought those tickets, you're staying home.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.