Part B of exercise 1: What do you think? Are the data consistent with V.O. Key's retrospective evaluation hypothesis? Type a paragraph explaining your answer. Part C of exercise 1: Loss aversion is an interesting psychological phenomenon that can shape the choices people make. One idea behind loss aversion is that losses loom larger then commensurate gains. According to this theory, for example, the psychological pain felt from losing $100 is greater than the pleasure felt from gaining $100. Applied to retrospective voting, loss, aversion, might suggest that the" vengeance"impulse is stronger than the reward impulse "impulse is stronger than the reward impulse--that the anti-incumbent party motivation among those who say the economy has worsened, will be stronger than the pro-incumbent party motivation among those who think it has improved. With this idea in mind, examine the percentages in the table in part a. What do you think? Do the data suggest that keys rational god of vengeance is stronger than his rational god of reward? Answer yes or no, and type a few sentences explaining your reasoning. We use the Stata Program to help answer the exercise questions.