Identify the alternative below that best describes the phenomenon of loss aversion:


Aversion to loss reflects the human tendency to avoid consumption after suffering losses.
Aversion to loss reflects the human tendency to prefer avoiding losses to acquiring equivalent gains.
Aversion to loss reflects the human tendency to react negatively to losses.
Aversion to loss reflects the human tendency to try to compensate for losses with gains.
Aversion to loss reflects the human tendency to react negatively to missed consumption opportunities.