Loss aversion bias….

Posted Leave a commentPosted in Loss aversion, multibagger, Peter Lynch

 Here’s an example of a bias called as ‘Loss aversion bias’ See below example: Question:  Choose between:A. An 85% chance of winning $100 (the gamble); orB. A sure gain of $85 (the sure thing) Most people when given these choices, pick B because they think of themselves as conservative and after all a bird in hand […]