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3. The behavior that involves preferring a gamble to a sure loss of the same expected value can be described as a. Risk-aversion over gains
3. The behavior that involves preferring a gamble to a sure loss of the same expected value can be described as a. Risk-aversion over gains b. Risk-seeking over losses c. Confirmation bias d. Overconfidence 4. Consider the 2008 financial crisis or the dotcom bubble of the late 1990s. Now many people would state that all the signs were there and everyone knew it was coming. Individuals feel that they already knew what was going to happen. This is an example of a. Hindsight bias b. Framing c. Availability bias d. Illusion of control
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