When It Comes to Enacting Policy Changes, Loss Aversion Often

question 92

Multiple Choice

When it comes to enacting policy changes, loss aversion often leads to status quo bias because:

• A)people's estimates of their gains from the policy are often too large.
• B)people's estimate of their losses from the policy are often too small.
• C)the support from those who stand to gain from the policy often overwhelms the resistance from those who stand to lose.
• D)the resistance from those who stand to lose from the policy often overwhelms the support from those who stand to gain.

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Definitions:

Neurotransmitter Communication

The process by which neurotransmitters are released by a neuron, cross the synaptic gap, and bind to receptors on another neuron, facilitating the transmission of signals in the nervous system.

Glia

Non-neuronal cells in the nervous system that support, nourish, and protect neurons and are involved in maintaining homeostasis and the formation of myelin.

Resting Potential

The electrical potential of a neuron or muscle cell in its inactive state, providing the cell's readiness for activation.

Electrical Phenomenon

Events or processes that involve the movement or interaction of electric charges.