Suppose a person lost $17 and won 18 in the same day. What will be the net loss perceived by the person, according to behavioral economics? Assume that a $1 loss pains us 2.25 times more than a $1 gain helps. Enter your answer as a positive number in the box and round to two decimal places if necessary.

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.3: The Cartesian Plane And Graphs Of Equations
Problem 7ECP
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Suppose a person lost $17 and won 18 in the same day. What will be the net loss perceived by the person, according to behavioral economics? Assume that a $1 loss pains us 2.25 times more than a $1 gain helps. Enter your answer as a positive number in the box and round to two decimal places if necessary.
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