The tendency to hold onto losing stocks in the hope that they will recoup is called loss aversion.
Loss aversion is a cognitive bias that explains why the pain of loss has twice as much psychological impact as the joy of winning. Losing money or another valuable item can feel worse than gaining the same. This principle is prominent in the field of economics. What distinguishes loss aversion from risk aversion is that the utility of monetary rewards depends on what has been previously experienced or expected.
In the realm of behavioral choice, 'loss aversion' is a behavioral phenomenon in which individuals exhibit greater sensitivity to potential losses than gains. Conversely, “risk-averse” people have an increased sensitivity/aversion to options with uncertain outcomes.
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Answer:
Patriot: NO MORE TEA! Loyalist: TEA FOR EVERYONE!
Explanation:
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Answer:
It only works when a dictator comes to power and convinces the people that only they will bring safety and prestige to the country.
Answer: Perspective taking
Explanation:
Perspective taking is defined as the process in which a person has ability to think apart from their point of view in particular situation.They tend to consider others view and thinking about that situation.This process is based on understanding feeling, emotion and mind of other people.
According to the question,Elaine is missing the characteristic of perspective taking s she is not understanding and considering point of view of other friends while talking about third grade's first day. She is showing the feature of typical adolescent who is interested in her talk and experience majorly.
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