lossaversionbiases Leave a Comment / By Dr. Awdhesh Singh / November 19, 2024 Welcome to your lossaversionbiases Who explained Loss Aversion using a coin-flip scenario? Daniel Kahneman Amos Tversky Albert Einstein Stephen Hawking None What is the estimated psychological impact of losing compared to gaining? Equal Half Twice as powerful Thrice as powerful None What is Endowment Effect? Overvaluing owned objects emotionally Undervaluing owned objects emotionally Objective valuation of objects Market value of objects None What is Sunk Cost Fallacy? Investing more due to past investments Withdrawing investment due to losses Logical decision-making process Emotional response to risk None Why do people exhibit Status Quo Bias? Fear of change Desire for consistency Logical decision-making All of the above None What is Wounded Ego Syndrome? Overemphasis on past mistakes Overemphasis on past successes Emotional sensitivity to hurtful actions Logical forgiveness None Time's up
