(f) [5 points] For what range of promotional pint prices would the "bait- and- switch'I strategy NOT work in this case? (g) [*5pts*] Give a real-life example of a baitand-switch strategy that you think relies at least partly on reference-dependent preferences. (Note that if you have completed the class questionnaire in Week 1 you can skip this question - you will not receive 5 more points for answering this question.) 5. There are 3 poker players,A, B, and 0. They each have reference-dependent pref erences over money m, with a reference point of'r'. Letting z = m i 1', their utility functions are as follows: J5 1f :1: 2 0 \"3(17) = \\/ if a: g 0 (315:5 if :r: 3 0 \"0(37) = (a) [2.5 points] graph 12AM) and Unfit?)- (b) [2.5 points] For playerA and player B , state whether their preferences satisfy loss aversion or diminishing sensitivity. (c) [5 points] For what values ofa > 0 and 6 > 0 would playerC's preferences satisfy loss aversion and diminishing sensitivity? Which parameter value captures which property? Assume that playerC has linear probability weights (that is, she doesnot have prospect theory's nonlinear probability-weighting function), then her expected utility of a fifty