Which of the following best explain why the pain of losing $1,000 exceeds the pleasure of winning $1,000 for risk-averse people? Check all that apply. a. The more wealth that risk-averse people have, the more satisfaction they receive from an additional dollar. b. The more wealth that risk-averse people have, the less satisfaction they receive from an additional dollar. c. Risk-averse people are relatively poor and cannot afford to lose any money. d. Risk-averse people overestimate the probability of losing money.
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