In the Context of Loss Aversion, Which of the Following

question 44

Multiple Choice

In the context of loss aversion, which of the following statements is true of endowment effect?

• A)People ascribe greater value to things they already own when compared with objects owned by someone else.
• B)People tend to make more losses than gains when making investments based on the suggestions of their peers.
• C)People are reluctant to give up on a venture because of past investment.
• D)People tend to report falsely, after the fact, that they accurately predicted an outcome.

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Definitions:

Web Services

Applications delivered over the Internet that IT developers can select and combine through almost any device, from personal computers to mobile phones.

IT Applications

Software applications designed for managing information technology tasks such as data management, communication, and analysis.

LANs

Abbreviation for Local Area Networks, computer networks that interconnect computers within a limited area such as a home, school, computer laboratory, or office building.

Productivity

The ratio between the inputs to a process and the outputs from that process.