Objectively these are two ways of describing the same scheme. But under a theory of loss aversion, the second way of presenting the bonus should work better.
There are four factors that create irrational market behavior: overconfidence, biased judgments, herd mentality, and loss aversion. 有四種因素使非理*的市場行為得以存在。這些因素是過度自信、判斷偏差、羊羣效應和風險厭惡。
But under a theory of loss aversion, the second way of presenting the bonus should work better.
But I think the dismal housing data also reflects a systematic human bias: loss aversion.