Behavioral economists have not discovered which of the following things about people's reaction to losses?
o when people lose successive equal amounts, the initial losses are more painful than later ones. o o c) people judge losses in relative termsle, relative to the status quo people would feel the loss of $1,000 more intensely than they would feel the gain of $1,000 o people experience increasing marginal disutility from losses.

People judge losses in relative terms, relative to the status quo

Explanation:

Behavioral economist have discovered that initial losses are more painful than later ones, People would feel the loss of $1,000 more intensely than they would feel the gain of $1,000, and People experience increasing marginal disutility from losses. However, there have been nothing said on how people judge losses according to status quo.

answer; operating revenues;

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