There are a handful of common mistakes people make when trying to
separate skill from chance. Which of the following is not one of those mistakes?
a. Hindsight bias
b. Outcome bias
c. Loss aversion
d. Narrative seeking

Question

05-07-2021
Business

Answered

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There are a handful of common mistakes people make when trying to
separate skill from chance. Which of the following is not one of those mistakes?
a. Hindsight bias
b. Outcome bias
c. Loss aversion
d. Narrative seeking

Sagot :

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As a result of hemispheric trade between 1450 and 1750, (A) the entire globe was linked by numerous active trade routes. (B) European governments lost influence

andromache andromache · Answer 1 · 2021-07-05T21:14:25-04:00

andromache andromache

05-07-2021

Answer:

c. Loss aversion

Explanation:

Loss aversion is a cognitive bias that explains where there is the pain for losing should be twice as equivalent to the gaining pleasure. It is the tendency of an individual to avoid the losses that purchase the equivalent gains. And, the term that not done the given mistake is the loss aversion

So as per the given situation, the option c is correct

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