Multiple Choice
Which of the following facts is not a basis for prospect theory in behavioral economics?
A) People evaluate gains and losses in relation to the status quo, not in absolute terms.
B) People feel losses much more intensely than they feel gains.
C) People experience diminishing marginal disutility for losses.
D) People do not experience diminishing marginal utility for gains.
Correct Answer:
Verified
Correct Answer:
Verified
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