Most people are risk-seeking when it comes to losses,and risk-averse when it comes to gains.

Question

Quizplus · Accepted Answer

This statement is supported by research in behavioral economics and psychology, which has found that people tend to experience higher levels of pain or regret from losses than pleasure or satisfaction from gains. As a result, they are more likely to take risks to avoid losses and less likely to take risks to pursue gains.

Most People Are Risk-Seeking When It Comes to Losses,and Risk-Averse