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Most People Estimate the Negative Impact of Losing $1000 Will

Question 65

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Most people estimate the negative impact of losing $1000 will be greater than the positive impact of winning $1000.In reality,people overestimate the negative emotions they expect to experience after such as loss What is the name for this phenomenon


A)  loss aversion
B)  representative heuristic 
C)  unnecessary constraints
D)  trial-and-error

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