According to the reflection effect
A) people think harder about losses than about gains.
B) people become more risk preferring over time.
C) attitudes toward risk are reversed for gains versus loses.
D) subjective probabilities on riskier outcomes are weighted heavier than on less risky outcomes.
C
You might also like to view...
Immediately following the Revolution, in the 1780s,:
a. indigo was the most important U.S. export (in terms of dollar value). b. Spain placed severe restrictions on trade between its colonies and the U.S. c. the U.S. became the main provider of shipping services for the French and West Indies. d. Great Britain eliminated tariffs on rice and tobacco.
Which of the following statements is not correct?
a. Consumers will likely benefit in the form of lower prices from buying a product made by a natural monopoly than if the market were served by several firms. b. Monopolists typically charge higher prices than competitive firms. c. Monopolists typically produce larger quantities of output than competitive firms. d. Consumers may benefit from monopolies if the firms invest their higher profits into something that benefits society such as medical research.