Moreover, it discussed the mass annihilation of the Jews and the main component of the Holocaust event in relation to the third prospect theory which asserts that losses are more valued than gains (Kahneman & Tversky, 1979, 2000; Lévy, 200). Connecting this theory to the Holocaust, this theory makes sense in that the properties, possessions and labor of the Jewish people are valued more than their lives, the Jews were annihilated by the Nazis so that they could take back their businesses and their wealth, to build the wealth of the nation. The murder of the Jews is a loss while the domination of their property, affairs and possessions is the loss of their power.