Multiple Choice
Identify a true statement about loss aversion.
A) It helps to explain the endowment effect and the sunk cost fallacy among people.
B) It emphasizes that people make more losses than gains in their lives.
C) It is the tendency to report falsely,after the fact,that one accurately predicted an outcome.
D) It is the tendency to report falsely about a loss in order to gain sympathy and escape punishment.
Correct Answer:
Verified
Correct Answer:
Verified
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