availability bias — making decisions on the basis of more recent and more accessible information loss aversion — the strong preference to avoid a los… - Kate Raworth

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availability bias — making decisions on the basis of more recent and more accessible information loss aversion — the strong preference to avoid a loss rather than to make an equivalent gain selective cognition — taking on board facts and arguments that fit with our existing frames risk bias — underestimating the likelihood of extreme events, while overestimating our ability to cope with them.

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About Kate Raworth

Kate Raworth (1970-) is an English economist, known for her 'doughnut economics' model balancing between essential human needs and planetary boundaries.

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More extraordinarily, scientists suggest that, if undisturbed, the Holocene’s benevolent conditions would be likely to continue for another 50,000 years due to the unusually circular orbit that Earth is currently making of the sun

Such redistributive policies can be life-changing for those who benefit from them. But they still may not get to the root of economic inequalities because they focus on redistributing income, not the wealth that generates it. Tackling inequality at root calls for democratising the ownership of wealth, argues the historian and economist Gar Alperovitz, because ‘political-economic systems are largely defined by the way property is owned and controlled’.

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There have been extraordinary strides in human well-being over the past 60 years. The average child born on planet Earth in 1950 could expect to live just 48 years; today such a child can look forwards to 71 years of life.6 Since 1990 alone, the number of people living in extreme income poverty — on less than $1.90 a day — has fallen by more than half. Over two billion people have gained access to safe drinking water and toilets for the first time. All this while the human population has grown by almost 40 percent.

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