________ exists when a person places more value on avoiding losses than attempting to realize gains.
A) The availability heuristic
B) Loss aversion
C) The trait ascription bias
D) The halo effect
E) The availability cascade

Question

Quizplus · Accepted Answer

Loss aversion is the tendency for people to prefer avoiding losses than acquiring gains. This can result in people making decisions based on the fear of losing rather than the potential for gaining. The other answer options are unrelated to this concept.

________ Exists When a Person Places More Value on Avoiding