Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

What concept in behavioral economics refers to people's tendency to prefer avoiding losses over acquiring equivalent gains?
A) Anchoring
B) Loss aversion
C) Overconfidence
D) Herd behavior