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Homework answers / question archive / Loss aversion describes the human tendency to dislike losses more than we like to experience equivalent gains

Loss aversion describes the human tendency to dislike losses more than we like to experience equivalent gains

Economics

Loss aversion describes the human tendency to dislike losses more than we like to experience equivalent gains.

True False

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Loss aversion means people prefer avoiding loses than accquring equivalent gains from it. So, the statement that Loss aversion describes the human tendency to dislike losses more than we like to experience equivalent gains, is true.