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The concept of loss aversion is not just that people don't like to lose money, but that they Can't deal with the regret of making a wrong decision Are afraid to book a loss and have the security go back up afterwards Don't like to admit they were wrong Will take inordinate risk to avoid taking a loss A bias in decision-making resulting from the manner or context in which information is presented is called Framing Herding Mental Accounting Positioning One aspect of behavioral finance is the inability of people to properly comprehend the mathematical concept of Reversion to the mean Bayesian probability Randomness Normal distributions The bias that makes you think you knew the outcome of an event before it occurred is called Wishful thinking Hindsight bias Magical thinking A priori thinking