Which View States That People Choose to Take on Risks

question 386

Multiple Choice

Which view states that people choose to take on risks when evaluating potential losses and avoid risks when evaluating potential gains?

• A)frequency format hypothesis
• B)prospect theory
• C)means-ends analysis
• D)belief bias

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Definitions:

Survey

A drawing of the boundaries of a property prepared by a professional surveyor.

Encumbrances

Legal claims or liabilities attached to property that can affect its use, value, or transferability, such as mortgages or liens.

Discharging

The act of releasing someone from an obligation, such as a debt, duty, or legal liability, often through the payment or fulfillment of what is owed.