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5. There are 3 poker players, A, B, and C. They each have reference-dependent pref- erences over money m, with a. reference point of 7.

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5. There are 3 poker players, A, B, and C. They each have reference-dependent pref- erences over money m, with a. reference point of 7". Letting a: = m r, their utility functions are as follows: if a: Z 0 08(33) = even: if a: S 0 art's if :c 2 0 110(13) = (:c)5 if cc

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