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Posted on Jun 07, 2024

Shawn is trying to sell his car. The blue book value of his car is $ 1 0 , 0 0 0 . He insists

Shawn is trying to sell his car. The blue book value of his car is $

10, 000 .

He insists on trying

to sell the car for $

12, 000 .

Explain how Shawn

s loss aversion influences his decision.

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