According to Prospect Theory,when Will People Avoid Risks

question 139

Multiple Choice

According to prospect theory,when will people avoid risks?

• A)always,as it is a rational choice model
• B)when evaluating potential gains
• C)when evaluating potential losses
• D)when base rates are ignored

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Definitions:

Diversity

Exists in a group or organization when its members differ from one another along one or more important dimensions.

Workforce Diversity

The inclusion of individuals from various backgrounds and demographics in an organization, enhancing creativity, perspective, and innovation by embracing different experiences and ideas.

Affirmative Action

Represents a set of steps taken by an organization to actively seek qualified applicants from groups underrepresented in the workforce.

Conflict

A situation where individuals or groups have opposing interests, beliefs, or needs.