In Thaler, Tversky, Kahneman and Schwartz (1997) we saw that group of individuals which were given monthly observation of stock and bond were less likely to choose stock over bond compared to individuals who were given annual returns for stocks and bonds. Why is this the case? Select one: O A. Examining returns at a high frequency is painful because losses are felt more strongly than gains. B. Examining returns at a low frequency is painful because losses are felt more strongly than gain. C. Examining returns at a high frequency is more pleasurable because gains are felt more strongly than losses. D. Examining returns at a high frequency is more informative so therefore they take less risks