What does it mean to say that people are "loss averse"?
A) People will risk losing only those things that they feel are unimportant.
B) People are unwilling to risk losing what they already have, even for the possibility of greater gains.
C) People are unwilling to gamble when a problem is framed in terms of losses.
D) People will stop gambling only when they find themselves on a losing streak.

Question

Quizplus · Accepted Answer

The Answer of What does it mean to say that people are "loss averse"?
A) People will risk losing only those things that they feel are unimportant.
B) People are unwilling to risk losing what they already have, even for the possibility of greater gains.
C) People are unwilling to gamble when a problem is framed in terms of losses.
D) People will stop gambling only when they find themselves on a losing streak.

What Does It Mean to Say That People Are "Loss