Josh Will Receive a Salary of $300,000 Next Year

Multiple Choice

Josh will receive a salary of $300,000 next year. According to prospect theory,

A) Josh will be happy with that amount regardless of what he has made in the past.
B) Josh will only be happy with that salary if everyone else around him makes less than he does.
C) Josh will only be happy with that salary if his cost of living has not increased.
D) Josh's satisfaction with that salary depends on how much he made in the past.