Two Words That Could Shape the Politics of the Trade War: Loss Aversion

World News: . []

The pain of a loss tends to be greater than the enjoyment of a win. That has big implications for trade, and also helps explain the politics of health care and taxes.

Read More: https://www.nytimes.com/2018/07/13/upshot/trade-war-loss-aversion.html?partner=rss&emc=rss

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