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28 August, 12:39

Behavioral economists have not discovered which of the following things about people's reaction to losses?

O When people lose successive equal amounts, the initial losses are more painful than later ones. o o C) People judge losses in relative termsle, relative to the status quo People would feel the loss of $1,000 more intensely than they would feel the gain of $1,000 o People experience increasing marginal disutility from losses.

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  1. 28 August, 14:34
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    People judge losses in relative terms, relative to the status quo

    Explanation:

    Behavioral economist have discovered that initial losses are more painful than later ones, People would feel the loss of $1,000 more intensely than they would feel the gain of $1,000, and People experience increasing marginal disutility from losses. However, there have been nothing said on how people judge losses according to status quo.
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