Effects of Losing Money
Have you ever lost something that you’ve been working so hard for?
I remember a few years ago when I needed to sell my car, just to pay
some of my important bills like credit cards, mortgages, and bank
loans. It was nerve-wracking for me, and for a time, I felt so
depressed deep inside, though I would rather keep it to myself.
Indeed, the effects of losing money don’t just stop when you no longer have enough funds in your bank account or in your pocket. In a recent study conducted by a team of scientists in University College London, it was revealed that a person who undergoes a financial loss may develop a financial pain. It happens when a particular portion of the brain known as the striatum is functioning so hard, increasing fear and pain. This is also the same reason why they tend to focus more on how much they can lose, than on what they can gain in a particular opportunity. This research, which you can read in Journal of Neuro-science, will give you more insights on how the brain can affect your business management decisions.
On the other hand, financial strain can put you at elevated risk of developing emotional problems. This is especially true when you may be suffering from an economic setback and you have no other choice, than to cut off some of your employees. A group of researchers conducted a study with 756 employees who became presently unemployed for not more than 13 weeks. Through interviews and series of tests, it has been found out that unemployment can actually begin a series of cycles of poor physical health, depression, and personal control loss, among others.
Indeed, the effects of losing money don’t just stop when you no longer have enough funds in your bank account or in your pocket. In a recent study conducted by a team of scientists in University College London, it was revealed that a person who undergoes a financial loss may develop a financial pain. It happens when a particular portion of the brain known as the striatum is functioning so hard, increasing fear and pain. This is also the same reason why they tend to focus more on how much they can lose, than on what they can gain in a particular opportunity. This research, which you can read in Journal of Neuro-science, will give you more insights on how the brain can affect your business management decisions.
On the other hand, financial strain can put you at elevated risk of developing emotional problems. This is especially true when you may be suffering from an economic setback and you have no other choice, than to cut off some of your employees. A group of researchers conducted a study with 756 employees who became presently unemployed for not more than 13 weeks. Through interviews and series of tests, it has been found out that unemployment can actually begin a series of cycles of poor physical health, depression, and personal control loss, among others.
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