If given the opportunity to bet on a coin flip that would pay them $100 if they are right and cost them $80 if they are wrong,most people _____ take the bet because _____.
A)will;the odds are stacked in their favor
B)will;the majority of people like to gamble
C)will not;they will lose 50% of the time
D)will not;losing $80 feels worse than does winning $100

Question

Quizplus · Accepted Answer

Losing money typically has a more significant emotional impact on individuals than the joy of winning an equivalent amount, a concept rooted in loss aversion theory.

If Given the Opportunity to Bet on a Coin Flip