Loss Aversion is one of a few persistent biases our human brains have. Sometimes it leads us to make bad leadership and business decisions.

We don’t like to let go of projects or people we have invested in. We don’t like to admit we were wrong, we failed. Chalking something up as a loss is painful, and we tend to hang on too long in an attempt to avoid that pain.

Skilled leaders promptly confront situations that have “not working out” written all over them.