M&A decisions aren’t purely financial. Psychological biases can heavily influence them, especially during economic downturns.

I’m curious about how loss aversion (the fear of losses making firms overly cautious or reactive) and FOMO (fear of missing out on a good deal) shape M&A strategies in tough times.

Do these biases lead companies to overpay, rush deals, or avoid opportunities they should take?

I’d love to explore existing research, case studies, or expert insights on this.

Any recommendations would be greatly appreciated!