Behavioral economists have not discovered which of the following things about people's reaction to losses?
A) People judge losses in relative terms; i.e., relative to the status quo.
B) People experience increasing marginal disutility from losses.
C) People would feel the loss of $1,000 more intensely than they would feel the gain of $1,000.
D) When people lose successive equal amounts, the initial losses are more painful than later ones.
Correct Answer:
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