Loss aversion - Assignment Point
Loss aversion
Subject: Economics | Topics:

Loss aversion means the tendency for those to strongly prefer avoiding losses when compared with acquiring gains. Some studies declare that losses are up to twice as sentimentally powerful as gets. A concept of loss aversion is additionally differential framing of decision attributes, that may affect people’s comparative loss aversion. In many studies examining the consequence of losses throughout decision making beneath risk and doubt no loss aversion ended up being found.

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