Because Every Policy Change Generates Winners and Losers, Loss Aversion

question 63

Multiple Choice

Because every policy change generates winners and losers, loss aversion generates:

• A)status quo bias.
• B)regression to the mean.
• C)fungibility.
• D)anchoring and adjustment.

---

Definitions:

Ideology

A set of beliefs and values that support and justify the ruling class of a society.

Chilly Climate

Chilly climate metaphorically describes environments, often in workplaces or educational settings, where certain groups, such as women or minorities, feel unwelcome, undervalued, or marginalized.

Hidden Curriculum

The unwritten, informal, and often unintended lessons, values, and perspectives that students learn in school alongside the formal curriculum.

Gender Stratification

The uneven allocation of riches, authority, and advantages among different genders within a community.