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In General, People Try to Avoid Losses When Making a Decision

question 59

Essay

In general, people try to avoid losses when making a decision. Explain why this cognitive bias may affect a person's decision about accepting or rejecting various aspects of medical treatment.


Definitions:

Boredom

A state of feeling disinterested or unengaged with one's current activity or surroundings.

Physiological Needs

The basic physical requirements for human survival, such as air, water, food, shelter, and sleep, as identified in Maslow's hierarchy of needs.

Maslow's Hierarchy

A psychological theory proposing that human needs are arranged in a hierarchy, with basic needs like safety and physiological needs at the bottom, and self-actualization at the top.

Shelter

A place giving temporary protection from bad weather or danger.

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