Which view states that people choose to take on risks when evaluating potential losses and avoid risks when evaluating potential gains?

Name: Which view states that people choose to take on risks when evaluating potential losses and avoid risks when evaluating potential gains?
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Question

Quizplus · Accepted Answer

This is the definition of prospect theory, which suggests that people weigh potential losses differently from potential gains and are more likely to take risks when faced with potential losses.

Which View States That People Choose to Take on Risks