According to prospect theory,when will people avoid risks?
A)always,as it is a rational choice model
B)when evaluating potential gains
C)when evaluating potential losses
D)when base rates are ignored

Question

Quizplus · Accepted Answer

Prospect theory suggests that people are more likely to avoid risks when they are evaluating potential gains because they prefer a sure gain over a gamble with a higher expected value.

According to Prospect Theory,when Will People Avoid Risks