HomeNewsCricketLoss aversion: The psychological inevitability of India’s loss in the World Cup final

Loss aversion: The psychological inevitability of India’s loss in the World Cup final

There is an asymmetric relationship between loss aversion and winning, with the pain of losing being twice that of gaining.

November 26, 2023 / 10:58 IST
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Studies show that an area of the brain called the ventral striatum lights up at the expectation of reward but then diminishes at some point. Maybe it's evolutionary biology, that our aversion to a loss is greater than the prospect of any win. (Illustration by Suneesh K.)
Studies show that an area of the brain called the ventral striatum lights up at the expectation of reward but then diminishes at some point. Maybe it's evolutionary biology, that our aversion to a loss is more impactful than the prospect of gain from a win. (Illustration by Suneesh K.)

India's crushing defeat at the hands of Australia in the finals of the 50-over World Cup has been viewed as a blasphemy and a heresy in the religio-patriotic history of the new Indian nationhood. Cricket, after all, has the charm and power of an ersatz religion and, in tandem with Bollywood glitz, sets the cultural agenda countrywide.

The 11 men who received the collective equivalent of the Adoration of the Magi till then, however swayed and eventually fell carrying the burden of expectations of 1.2 billion people baying for the blood of the opponents. Was it the nail biting, anxiety-driven adrenaline rush that stymied their long dedicated hours of practice or was it botched and bungled decision-making that stalled any stratagem?

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What led a perfectly competent team to underperform when it mattered most?

Even as debates and theories spark on the internet about why the Indian team did not belt out aggressive boundaries and sixes as befitted the gala of the paisa vasool last match of the series, they did seem like a united brotherhood of safe play.