According to the Reflection Effect

question 38

Multiple Choice

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 losses.
• D)subjective probabilities on riskier outcomes are weighted heavier than on less risky outcomes.

---

Definitions:

Amphibian

A cold-blooded vertebrate animal that is born in water and breathes with gills, but develops lungs and lives on land as an adult.

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, typically measured in the arteries.

Circulatory System

The body system consisting of the heart, blood, and blood vessels, responsible for transporting oxygen, nutrients, and other substances throughout the body.

Returns

In a financial context, the profit or loss derived from an investment over a specified period of time, often expressed as a percentage of the investment's initial cost.