What Explanation Does the Book Provide for the Fact That

Multiple Choice

What explanation does the book provide for the fact that people are loss-averse,but still accept the sure loss of paying insurance?

A) The vividness of the possibility of losing a big amount of money if they are uninsured leads people to overestimate their risk.
B) The special value pseudocertainty has.
C) Social norms that favor having insurance.
D) All of the above.