Question

Research on the framing effect shows that decision makers are risk averse when they focus on _____ and risk seeking when they focus on _____.
gains and losses
losses and gains
gains and gains
losses and losses

Answer 1

Research on the framing effect shows that decision-makers are risk-averse when they focus on gains and risk-seeking when they focus on losses.

The framing effect refers to the phenomenon where people's decisions can be influenced by how a problem or a choice is presented to them, or is is ideally framed. The framing effect is just one of many factors that can influence people's decision-making, and the extent to which it influences decisions can vary depending on the context and the individual decision-maker.

Research on the framing effect has shown that people tend to be more risk-averse when they are presented with the options that generally involve potential gains, and more risk-seeking when they are presented with the options that generally involve potential losses.

Read more about the framing effect on:

https://brainly.com/question/15052483

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