Multiple Choice
Which is NOT a component of Prospect Theory?
A) How people feel about a set of outcomes depends on their starting point
B) There is diminished sensitivity to both losses and gains, depending on the starting point
C) People exhibit loss aversion
D) Individual are expected utility maximizers and make decisions based on the highest net present value
E) People tend to overweight small probabilities
Correct Answer:
Verified
Correct Answer:
Verified
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