{"id":7391,"date":"2019-05-27T06:30:01","date_gmt":"2019-05-27T06:30:01","guid":{"rendered":"https:\/\/movementformodernlife.com\/blog\/?p=7391"},"modified":"2026-03-03T12:57:49","modified_gmt":"2026-03-03T12:57:49","slug":"loss-aversion","status":"publish","type":"post","link":"https:\/\/movementformodernlife.com\/blog\/loss-aversion\/","title":{"rendered":"Loss Aversion: Why Gold Stars will help you to form a habit | Kat Farrants"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"769\" height=\"1024\" src=\"https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/05\/PHOTO-2019-05-15-12-34-46-769x1024.jpg\" alt=\"loss aversion\" class=\"wp-image-7425\" srcset=\"https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/05\/PHOTO-2019-05-15-12-34-46-769x1024.jpg 769w, https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/05\/PHOTO-2019-05-15-12-34-46-225x300.jpg 225w, https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/05\/PHOTO-2019-05-15-12-34-46-768x1022.jpg 768w, https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/05\/PHOTO-2019-05-15-12-34-46-624x831.jpg 624w, https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/05\/PHOTO-2019-05-15-12-34-46.jpg 1202w\" sizes=\"auto, (max-width: 769px) 100vw, 769px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Loss aversion? What is it and how can it help you? Do you want to commit to daily yoga but need help to do it? Kat Farrants muses on how a carrot and stick approach might provide the key and offers practical help on MFML<\/h3>\n\n\n\n<h5 class=\"wp-block-heading\">Loss Aversion<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">The last few weeks I\u2019ve been delving into and discovering things which effect our daily lives but that we often don\u2019t think about. The concept I\u2019m exploring is that sinking feeling which haunts me when I\u2019ve lost a note I\u2019d stuffed away in a pocket and then it disappears. Arrrgh, that feeling! So awful!&nbsp;&nbsp;I\u2019ve spend days hunting round wondering which other coat I\u2019ve been wearing, re-tracing my steps and the loss has really worn heavy with me. And I can really remember so clearly where I was and exactly how I felt when I had my bag stolen, even though it was decades ago now. It\u2019s funny how these losses are something that magnify in my mind but the times I\u2019ve gained? Well I can\u2019t even remember those. Well, I\u2019ve found out that there\u2019s a whole term for this. It\u2019s called Loss Aversion. <\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><em><strong>&#8220;The central assumption of the theory is that losses and disadvantages have greater impact on preferences than gains and advantages.&#8221; <\/strong><\/em><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><em>Tversky and Kahneman (1991)&nbsp;<\/em><\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Stepping out of your comfort zone<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">I\u2019ve also found out that loss aversion is the thing that\u2019s holding us back. It\u2019s the reason why us humans are sometimes unwilling to leave our comfort zones and risk things, we want to play it safe.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This theory is the result of numerous studies which have shown that losses are twice as powerful as gains. The consequence of us humans\u2019 fear of loss results often in risk aversion, we will prefer to avoid losses than the possibility of making gains.&nbsp;&nbsp;We will work incredibly hard to stop losing money!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Now from an evolutionary point of view, I think that this was part and parcel of being any animal in a previously wild world, and the fear or aversion to risk is, arguably, what enables any species to survive. Of course that risk aversion has to be counterbalanced to some extent with curiosity and opportunism, but it\u2019s the risk aversion which will keep the species population growing. If the species just carries on doing what it\u2019s always done, then the species is likely to survive.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Getting &#8216;on a roll&#8217;<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">So how does this relate to our daily yoga practice? I know that once I\u2019m \u2018on a roll\u2019 with anything, I\u2019m more likely to continue. Because I don\u2019t want to lose that momentum that I\u2019ve gained. I know that I\u2019m getting into a habit, I\u2019m feeling better. The hardest part is the starting and I know that once my habit is getting underway, it\u2019s way easier to continue than it would be to quit and start over.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s with this in mind, and with my particular take on the phycological phenomenon of loss aversion, I think that one way to really help me to practice every single day is simply to be able to have the possibility of giving myself a gold star for consecutive days practice. Miss a day and you lose a star. And nobody wants to lose a star.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"955\" src=\"https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/05\/achievement-3829637_1920-1024x955.jpg\" alt=\"Loss aversion\" class=\"wp-image-7393\" srcset=\"https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/05\/achievement-3829637_1920-1024x955.jpg 1024w, https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/05\/achievement-3829637_1920-300x280.jpg 300w, https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/05\/achievement-3829637_1920-768x716.jpg 768w, https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/05\/achievement-3829637_1920-624x582.jpg 624w, https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/05\/achievement-3829637_1920.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\">Habits and Rewards<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">I really do want to help to motivate and inspire you to be the person you want to be. To be the person who finds the time to roll out their mat even for 10 minutes a day. And that\u2019s why we\u2019ve introduced a brand new gold star system! To keep you inspired, motivated and knowing that you can\u2019t lose your stars! And even better than a gold star for each consecutive day\u2019s MFML practice? You get a trophy for 21 days\u2019 consecutive practice. Because after 21 days you\u2019re making a really good start in forming the habit of a lifetime.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And even better than the loss aversion of not losing your gold star or your opportunity for the trophy, every month I\u2019ll be gifting a place on an MFML workshop to a random person Gold Star Trophy winner. What\u2019s not to love? I really do hope that you\u2019re as excited as I am about this new MFML feature.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So if you want to be the person who gets off the sofa and onto the mat, or who manages that extraordinary feat of clearing 10 minutes in a packed full and overwhelmingly busy day, we have the gold stars which, science has said, will help you to reach your goals.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Be Brilliant with care and kindness<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">But remember, even the best of us miss a day. And actually it really takes a lot longer than 21 days for the habit really to be ingrained. So you\u2019re in it for the long-haul, you\u2019re in it for your life, to improve the hours in your day, so that each and every day you feel healthier, happier and your body and mind feels freer. You may have to remind yourself of that. Remind yourself of the commitment you\u2019ve made to yourself. Be kind on yourself when you fail, and remember it\u2019s about the process. Take it easy on yourself, take small steps to form your habit. Know that we have the tools to help you and our community is supporting you and cheering for your success in committing to your home yoga practice, which is why you\u2019re here to begin with?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Now roll out your mat and be brilliant!<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-default\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><em>About Kat Farrants:<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/movementformodernlife.com\/blog\/wp-content\/uploads\/2019\/03\/Kat_0031_RT_F-150x150.jpg\" alt=\"\" class=\"wp-image-7138\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Movement for Modern Life\u2019s fabulous founder Kat Farrants lives her yoga and her own yoga practice informs how she develops MFML. This post was written by Kat and is inspired by her exploration into how she can take the small steps to move into a happier, healthier and more sustainable life. Please do join her on this journey and explore with us your happiest, healthiest, most sustainable life<\/em><\/p>\n<div class=\"fb_wrap\"><a class=\"fb_link\" onclick=\"fbs_click('https:\/\/movementformodernlife.com\/blog\/loss-aversion','');return false;\" href=\"#\">Send to Facebook<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Loss aversion? What is it and how can it help you? Do you want to commit to daily yoga but need help to do it? Kat Farrants muses on how a carrot and stick approach might provide the key and offers practical help on MFML Loss Aversion The last few weeks I\u2019ve been delving into [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1568,1566,1564,853,51,1570,1567,1565,947,254,306,14,1569,144],"class_list":["post-7391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-community","tag-forming-good-habits","tag-gold-star","tag-habit","tag-happiness","tag-how-to-have-a-yoga-home-practice","tag-kindness","tag-loss-aversion","tag-mfml","tag-movement-for-modern-life","tag-success","tag-yoga-2","tag-yoga-habit","tag-yoga-practice"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Loss Aversion: Why Gold Stars will help you to form a habit | Kat Farrants - Movement for Modern Life Blog<\/title>\n<meta name=\"description\" content=\"Have you wanted to form a daily yoga habit but not found a way to form the habit? 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