You receive a $300. bonus at work for winning a sales contest, and take your mate out to a fancy restaurant. The final bill is $200.-significant since the most you would normally spend for the both of you is $60. This is most likely an example of:

Question

Quizplus · Accepted Answer

Loss aversion is the tendency to feel the pain of a loss more strongly than the pleasure of an equivalent gain. In this case, the person is more likely to remember the $200 they spent on the meal than the $300 bonus they received.

You Receive a $300