I’m stuck on a Economics question and need an explanation.
1. What is the relationship between risk aversion and loss aversion?
2. What is the endowment effect and what are its implications?
3. How does loss aversion affect the value function. Why is this important?
4. How can loss aversion lead to greater-than-expected stability/inertia in market outcomes?
Last modified: Monday, 2 September 2019, 11:03 AM
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