Asked by
Sydante Newsome
on Nov 25, 2024
Verified
People feel losses about two and a half times more intensely than they feel gains.
Losses
The negative financial result from business activities when costs exceed revenues.
Gains
Increases in economic benefits, such as profit, revenue, or utility, often resulting from investments, trade, or improvements in productivity.
- Grasp the concept of loss aversion and its implications in economic behavior.
Verified Answer
JV
Learning Objectives
- Grasp the concept of loss aversion and its implications in economic behavior.
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