Follow the instruction to answer 4 econ questions

1. What is the relationship between risk aversion and loss aversion?

2. What is the endowment effect and what are its implications?

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3. How does loss aversion affect the value function. Why is this important?

4. How can loss aversion lead to greater-than-expected stability/inertia in market outcomes?

Last modified: Monday, 2 September 2019, 11:03 AM

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