[ajayjain]

Loss aversion tells us that gains and losses have different emotional impact. In particular, perceived losses supposedly have a strong negative impact on people. [1] If Lyft employees value their shares at the IPO price, they might be feeling a loss all the way from 72 to 61.

[1] https://link.springer.com/chapter/10.1057/9781137544254_13

[c1b]

You’re just arguing for the sake of arguing. It’s a net positive. Positive is good.

[Bajeezus]

He's got an extremely valid point, and morale at Lyft IS low, largely because of the reason above. Definitely not arguing for the sake of arguing.

[mrnobody_67]

But anchoring.... people anchor to the all time high.