Given the asymmetry in potential returns for equity investments, how might this impact the behavioral finance concept of loss aversion in investment decision$-$making?

Asymmetric potential for high gains could lead some investors to

$$ overcome loss aversion and invest in bonds instead of equities Asymmetric potential for high gains would exacerbate loss aversion causing investors to avoid equities.

Asymmetric potential for high gains could lead more investors to overcome loss aversion and invest in equities despite, the riskie