Sometimes when making a decision we exhibit loss aversion, which means that we make a decision that reflects a ____.
A) desire to avoid taking a gamble at all costs
B) misunderstanding of the entire situation
C) focus on the costs associated with a potential gain
D) strong motivation to do the thing that will result in the greatest good for all concerned

Question

Quizplus · Accepted Answer

Loss aversion refers to the tendency to prefer avoiding losses to acquiring equivalent gains. It means we often focus more on the potential costs or losses associated with a decision rather than the potential gains.

Sometimes When Making a Decision We Exhibit Loss Aversion, Which