According to the phenomenon of loss aversion,most people expect that the negative impact of losing $1000 will be greater than the positive impact of winning $1000.What would this phenomenon have an impact on

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Loss aversion can impact the types of decisions people make because it may cause them to be more risk-averse and avoid losses, even if the potential gain outweighs the potential loss. This can lead to missed opportunities for gain.

According to the Phenomenon of Loss Aversion,most People Expect That