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Dipole of pain and pleasure and use of mental accounting to hedonic equilibrium
The current paper hypothesizes that humans try to reduce not only the pain but also pleasure (psychological, not physical) resulting due to economic losses, thereby trying to maintain a hedonic equilbrium. The researchers use an analogy of dipole in physics to express the hypothesis. While mitigatio...
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| Format: | Article |
| Language: | English |
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2014
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| LEADER | 01558nab a22002417a 4500 | ||
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| 008 | 160615b2014 xxu||||| |||| 00| 0 eng d | ||
| 100 | |a Panchal, Shirish | ||
| 245 | |a Dipole of pain and pleasure and use of mental accounting to hedonic equilibrium |c Panchal, Shirish. | ||
| 260 | |c 2014 | ||
| 300 | |a 32 - 34 | ||
| 520 | |a The current paper hypothesizes that humans try to reduce not only the pain but also pleasure (psychological, not physical) resulting due to economic losses, thereby trying to maintain a hedonic equilbrium. The researchers use an analogy of dipole in physics to express the hypothesis. While mitigation of pain is understood, reduction of pleasure is interesting to understand. Neurobiology may present its answer to this. Pain and pleasure when experienced are likely to cause hyper activity in neural networks. This consumes more energy, which may not be sustainable by the brain. Hence people ma try to reach equilibrium to conserve the limited energy of the brain. The research discusses unique ability of mind to strategize through thoughts for reaching the importance of loss aversion and segregation of losses. | ||
| 650 | |a Hedonic Efficiency | ||
| 650 | |a Segragration Of Gains And Losses | ||
| 650 | |a Loss Aversion | ||
| 650 | |a Need To Survive | ||
| 650 | |a Prospect Theory | ||
| 650 | |a Pseudo-Rationality | ||
| 650 | |a Losses | ||
| 650 | |a Dipole, Pain, Pleasure, Gains | ||
| 650 | |a Hedonic Equilibrium | ||
| 650 | |a Mental Accounting | ||
| 773 | |a Voice of Research: An International Journal |d September | ||
| 999 | |c 41926 |d 41926 | ||