Prospect theory assumes that people are more likely to take a risk:

Name: Prospect theory assumes that people are more likely to take a risk:
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According to prospect theory, people are more likely to take a risk to avoid losses. This is because losses are perceived as having a greater impact on well-being than gains of equal magnitude. Therefore, people are more willing to take risks to avoid losing what they already have, rather than taking risks to gain something they don't currently have.

Prospect Theory Assumes That People Are More Likely to Take