Evaluating your payoffs as gains or losses relative to an arbitrary baseline distorts your decisions and is a problem associated with:

Name: Evaluating your payoffs as gains or losses relative to an arbitrary baseline distorts your decisions and is a problem associated with:
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Loss aversion refers to the tendency to prefer avoiding losses over acquiring equivalent gains, which can lead to distorted decision-making when evaluating outcomes relative to a baseline.

Evaluating Your Payoffs as Gains or Losses Relative to an Arbitrary