Question

Behavioral economists have not discovered which of the following things about people's reaction to losses?

O When people lose successive equal amounts, the initial losses are more painful than later ones. o o C) People judge losses in relative termsle, relative to the status quo People would feel the loss of $1,000 more intensely than they would feel the gain of $1,000 o People experience increasing marginal disutility from losses.

Answer 1

People judge losses in relative terms, relative to the status quo

Step-by-step explanation:

Behavioral economist have discovered that initial losses are more painful than later ones, People would feel the loss of $1,000 more intensely than they would feel the gain of $1,000, and People experience increasing marginal disutility from losses. However, there have been nothing said on how people judge losses according to status quo.