Which of the following is an example of loss aversion? Question 3 options: A manager who chooses to invest in a low-risk but low-return option rather than a high-risk but high-return option. A manager decides not to invest in a new factory because there is a chance of a positive NPV. An investor who experiences more pain from a $10,000 than pleasure from gaining $10,000 A person who prefers to gamble on a coin toss rather than accept a sure amount of money.