Which of the Following Is a Valid Characteristic of the Value

Multiple Choice

Which of the following is a valid characteristic of the value function?

A) The shape of the value function does not change at the reference point.
B) The value function is noticeably steeper for losses than for gains.
C) At some focal amount of the pertinent outcome, negotiators consider larger amounts as losses and smaller amounts as gains.
D) The shape of the value function remains constant for an individual.