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Which of the concepts best describes your actions in the following scenario? 1. Imagine your friend asks you if you want to play a game

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Which of the concepts best describes your actions in the following scenario? 1. Imagine your friend asks you if you want to play a game of heads or tails. Your friend says, "If the coin shows heads, I will give you $10. If the coin shows tails, you give me $10." You think about your friend's offer, but you decide NOT to play this game. "hint: there is an equal chance of you winning and losing the same amount of money, but you are hesitant to play the game. Why might that be? Risk aversion Risk seeking Loss aversion Reference points

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