In Example 2, Suppose $\lambda=1$ Which of the Following Statements Would Be True?
A)

Multiple Choice

In Example 2, suppose $\lambda=1$ . Which of the following statements would be true?

A) The utility function is concave in losses.
B) The utility function is convex in gains.
C) The utility function does not display loss aversion.
D) The value function over losses is linear.