The correct answer is Prospect theory effect
Prospect Theory (also called Perspective Theory) is a concept of cognitive psychology that is related to decision making in economic and financial contexts.
According to this theory, people, in general, tend to make choices based on potential losses rather than gains. In other words, the basis of the Prospectus Theory is the tendency that we all have to harbor a certain risk aversion.
Answer:
A
Explanation:
the election of reps who make laws
Answer:
15 points higher
Explanation:
The <u><em>Flynn Effect</em></u> is a phenomenon that the increase in IQ over the ages is an increase in <u><em>overall abstract problem solving</em></u> rather than actual intelligence, and are attributed to the environment in which younger generations are surrounded by compared to older generations. According to this effect an average 18-year old scored 15 points higher than that of someone 60 years ago.
**I had this question and studied the Flynn Effect in high school**
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