Loss aversion affects how people vote in elections. It makes them more likely to stick with the current situation, even if it's not the best choice. Loss aversion also makes people more cautious about taking risks. The longer people plan ahead, the less loss aversion influences their decisions. But sometimes, people struggle to predict how quickly they will adapt to changes. Overall, loss aversion leads to a dislike of risk and less attachment to the status quo. These findings have important implications for how resources are distributed in society.