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AAFM Exam CWM_LEVEL_2 Topic 1 Question 55 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 55
Topic #: 1
[All CWM_LEVEL_2 Questions]

Section B (2 Mark)

Which of the following two outcomes is an example of Loss Aversion Bias:

Show Suggested Answer Hide Answer
Suggested Answer: D

Contribute your Thoughts:

Eura
1 months ago
I'm feeling a bit averse to picking the wrong answer here. Guess I'll have to be a gambler and go with option C. Hey, maybe that's a form of Loss Aversion Bias too!
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Julianna
1 months ago
Okay, let's think this through. Loss Aversion Bias means people tend to fear losses more than they value equivalent gains. Both of those outcomes seem to demonstrate that, so I'm going to go with option C.
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Nettie
6 days ago
I think option A is the correct answer.
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Gracia
1 months ago
Loss Aversion Bias, huh? Sounds like something I'd rather not experience. I'm going to go with option C and hope I don't get 'averse' to the correct answer.
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Jaclyn
4 days ago
I believe Loss Aversion Bias is when we fear losing more than gaining, so I'll choose option B.
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Leontine
20 days ago
I think Loss Aversion Bias is when we fear losing more than gaining, so I'll go with option A.
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Leonardo
2 months ago
Ah, I remember learning about Loss Aversion Bias in my psychology class. This seems like a straightforward question - both outcomes I and II depict examples of this bias. I'll go with option C.
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Mireya
6 days ago
User 3: Let's go with both of the above, option C.
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Pamella
18 days ago
User 2: Yeah, I agree. Option C seems like the right choice.
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Oliva
19 days ago
User 1: I think both outcomes I and II show Loss Aversion Bias.
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Wilda
2 months ago
Why do you think it's C?
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Leana
2 months ago
Hmm, this is a tricky one. I'm not entirely sure, but the Loss Aversion Bias seems to be related to the idea that people tend to prefer avoiding losses over acquiring equivalent gains. I think option C might be the right answer, but I'll have to double-check my notes.
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Velda
1 months ago
Stefan: Should we go with option C then?
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Stefan
1 months ago
Reita: I believe it might be both options I and II.
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Reita
1 months ago
User 2: So, which outcome do you think is an example of Loss Aversion Bias?
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Erin
2 months ago
User 1: I think Loss Aversion Bias is when people prefer avoiding losses over acquiring gains.
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Sue
3 months ago
I disagree, I believe the answer is C.
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Wilda
3 months ago
I think the answer is A.
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