The behavioral psychologists Kahneman and Tversky conducted experiments to test their prospect theory, which concerns aversion to losses. They discovered that how gambles are framed to the decision-maker can lead to quite different outcomes. 8 Which of the following is a correct summary of how framing affects decision-making? O When a decision is framed in terms of possible gains, individuals tend to be risk-averse. When the identical decision is framed in terms of possible losses, individuals tend to be risk-seeking. O When a decision is framed in terms of risk of financial losses, individuals tend to be risk-seeking. When a decision is framed in terms of risk of death, individuals tend to be risk-averse. O When a decision is framed in terms of small monetary amounts, e.g.. gaining $10 versus losing $10, individuals tend to be risk-seeking. When a decision is framed in terms of large monetary amounts, e.g., gaining $10,000 versus losing $10.000, individuals tend to be risk-averse 5 0 when a decision is framed in terms of possible gains, individuals tend to be risk-seeking, when the identical decision is framed in terms of possible losses, individuals tend to be risk-averse