Question: Tversky & Kahneman (1981). Which choice behaviors do people exhibit? Choose all that apply. A.Loss aversion: they avoid sure losses. B.People value full protection against
Tversky & Kahneman (1981). Which choice behaviors do people exhibit? Choose all that apply. A.Loss aversion: they avoid sure losses. B.People value full protection against a disease or disaster than probabilistic protection against these events. C.Framing effect: people's choice changes depending on whether an outcome is described as a gain or as a loss
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