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Which of the following best explain why the pain of losing $1,000 exceeds the pleasure of winning $1,000 for risk-averse people? Check all that apply. a. The more wealth that risk-averse people have, the more satisfaction they receive from an additional dollar. b. The more wealth that risk-averse people have, the less satisfaction they receive from an additional dollar. c. Risk-averse people are relatively poor and cannot afford to lose any money. d. Risk-averse people overestimate the probability of losing money.

Respuesta :

Answer:

a,c,d

Explanation:

step by step solution

a, c and d best explain why the pain of losing $1,000 exceeds the pleasure of winning $1,000 for risk-averse people.

a. The more wealth that risk-averse people have, the more satisfaction they receive from an additional dollar.

c. Risk-averse people are relatively poor and cannot afford to lose any money.

d. Risk-averse people overestimate the probability of losing money.

What do you mean by risk averse people?

A person who invests their money in a bank account with a low but guaranteed interest rate rather than buying stocks, which can fluctuate in price but have the potential to generate considerably larger returns, is an example of risk-averse behavior.

The Big Five personality qualities include extroversion, agreeableness, openness, conscientiousness, and neuroticism. On the plus side, according to Dr. Maier, persons who are risk-averse also tend to be more agreeable and more conscientious.

Learn more about risk-averse behavior here

https://brainly.com/question/11576349

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