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People are: O risk seeking when choosing between two gains that have equal expected value ( e.g., prefer a chance of saving 0 or all
People are: O risk seeking when choosing between two gains that have equal expected value ( e.g., prefer "a chance of saving 0 or all people" over "saving 400 people for sure") O risk averse O risk seeking when choosing between two losses that have equal expected value (e.g., prefer "a chance of letting 0 or all people die" over "letting 400 people die for sure") O risk seeking
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