Which view states that people choose to take on risks when evaluating potential losses and avoid risks when evaluating potential gains?

Question

Quizplus · Accepted Answer

This view is consistent with prospect theory, which suggests that people are risk-averse when considering potential gains and risk-seeking when considering potential losses. The frequency format hypothesis refers to the way information is presented and processed, means-end analysis is a problem-solving strategy, and belief bias is the tendency to rely on prior beliefs when evaluating new information.

Which View States That People Choose to Take on Risks