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4. Consider Jian Huan (JH) and Juan Camilo (JC) who are loss averse with value function v(z). JH is an optimist and believes that he

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4. Consider Jian Huan (JH) and Juan Camilo (JC) who are loss averse with value function v(z). JH is an optimist and believes that he will receive a raise of 6,400, JC is a pessimist and believes he won't receive a raise. In fact, at the end ol the vear, both receive a raise of 5,000. Assume both have the following value lunction: o) x for gains (x = 0) = 2z for losses (xz

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