Suppose a study found that respondents to a Contingent Valuation survey were on average willing to accept a 1,500 payment for losing access to a local city park. Recent empirical evidence addressing the "loss aversion" hypothesis would suggest that Those same respondents would be willing to pay some amount more than $1,500 to keep the park. 

Those same respondents would be willing to pay $1,500 to keep the park.

Those same respondents would be willing to pay some amount less than $1,500 to keep the park.

A different group of respondents would be willing to pay some amount less than $1,500 to keep the park.

None of these.

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