|Question 7Verbal

Source Texts

Text
Text 1
In 1979 Daniel Kahneman and Amos Tversky presented college students and faculty from Israel, Sweden, and the United States with hypothetical questions involving financial decisions. The finding that a loss is felt more keenly than is a gain of the same value led the researchers to formulate the concept of loss aversion, which has since informed research in fields ranging from behavioral economics to medicine.

Text 2
To test the finding of Kahneman and Tversky's 1979 study, Kai Ruggeri et al. asked participants (some college educated, some not) from Australia, Slovenia, and seventeen other countries the same questions as the ones used in the 1979 study. Ruggeri et al. concluded that although replication rates (how well research findings reproduce across contexts) varied somewhat between countries-the rate was 100% in Australia and 85% in Slovenia–the average replication rate was an impressive 92%.
Based on the texts, how would Ruggeri et al. (Text 2) most likely respond to Kahneman and Tversky's finding (Text 1)?
By agreeing that experimental results support the idea that people tend to be more sensitive to financial losses than to gains
A
By suggesting that, on average, people's expectations about the feasibility of achieving financial gains have changed little since 1979
B
By arguing that the attitude toward financial losses and gains that Kahneman and Tversky observed varies widely within the populations of individual countries
C
By asserting that people in Australia and Slovenia are more concerned about financial losses than people in Israel, Sweden, and the United States are
D