The Concept of Loss Aversion Predicts That Achieving a Gain

question 49

Multiple Choice

The concept of loss aversion predicts that achieving a gain is

• A) not as motivating as avoiding a loss.
• B) an effective way to offset perceived loss.
• C) more motivating than avoiding a loss.
• D) an ineffective way to offset perceived loss.

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Definitions:

Alternative Hypothesis

A statistical hypothesis that proposes a difference, effect, or relationship exists within the data, contrasting the null hypothesis.

Multiple Logistic Regression

A statistical analysis method used to predict a binary outcome (such as yes/no, success/failure) based on one or more predictor variables.

Explanatory Variables

Independent variables in statistical models that are posited to explain changes in the dependent variable.

Proportion

A statistic that indicates the fraction of the dataset that is part of a specific category or that possesses a certain attribute.