The bias that exists when people hate losing is called the ____________.
A) hindsight bias
B) loss-aversion bias
C) self-fulfilling prophecy
D) mirror image fallacy
E) availability bias

Question

Quizplus · Accepted Answer

The loss-aversion bias is the tendency for people to strongly prefer avoiding losses to acquiring gains, reflecting the idea that the pain of losing is psychologically about twice as powerful as the pleasure of gaining.

The Bias That Exists When People Hate Losing Is Called