FYI: (This is a follow-up article.) (Are you a risk seeker or loss adverse ?)
On average, they found that the pain felt by football fans after their team loses is more than double the joy of winning. They also found that the pain of losing is felt especially keenly by suckers like me who actually go to the stadium.
Interestingly, research into the behaviour of investors has yielded very similar results. In a well-known study published in 1992, the psychologists Amos Tversky and Daniel Kahneman found that we feel around twice the emotion over a loss than we do over a gain.
Regards,
Ted
https://www.evidenceinvestor.co.uk/dont-like-losing-ask-sports-fan/
