An extensive study covering 17 countries revealed that people show stronger emotional reactions to bad news.
The allure of negative stories is so strong that people actively search for them online, something not seen with good news.
MORE IDEAS FROM Why do news reports always begin with bad news?
Negativity Bias, a trait long recognized by psychologists, states that we are more attentive to negative experiences, stories and emotions. This quality is a kind of survival mechanism that has now evolved into our taste in current events.
Bad news has an attention-grabbing quality that makes most news outlets focus on disasters, crimes and other negative stories while leaving aside the feelgood stuff that often feels irrelevant to the viewer or reader.
This is defined as any sort of threaten or danger that can damage the good standing of your business and negatively impact your reputation with consumers and overall business success.
Such risks are usually unexpected and occur with little to no warning. All kinds of reputational risk can cause consumers and sometimes business owners to lose confidence in the business.
A common occurrence of heuristics in which we use an initial starting point as an anchor that is then adjusted to yield a final estimate or value.
Example: estimating the value of an object based on the common price of similar objects.
We have the tendency to give more weight in our minds to things that go wrong than to things that go right—so much so that just one negative event can hijack our minds in ways that can be detrimental to our work, relationships, health, and happiness.
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