China Needs an Exit Strategy from Xinjiang
Xi should release all Uighur Muslims, and pay compensation of up to $14,000 each
One of the most influential ideas of behavioral economics is that losses loom much larger in the human psyche than gains. So much so that we are often unable to recognize a lost cause.
Recent history is replete with examples. America's unsuccessful wars in Vietnam, Iraq, and Afghanistan dragged on endlessly because U.S. leaders were unwilling to admit their mistakes. When the stakes are high, as they always when it comes to war, aversion to losing can have calamitous consequences.