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Question 2 (1 point) Consider a person with the following value function under prospect theory:

/in /by

Question 2 (1 point) Consider a person with the following value function under prospect theory:
v(w) = w.0.6 if w 0

=-2(-w.)0.6 if w < 0

Assume that this individual weight values by probabilities, instead of using the prospect theory weighting function. What is the value of the following prospect?

P1 (0.5, 1000, -800)

Your Answer:

 
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