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illustrate when the prospect theory resembles to expected ulity theory based on the following formula: Expected Utility Theory E(U) =N P U(w ) i=1i i
illustrate when the prospect theory resembles to expected ulity theory based on the following formula: Expected Utility Theory E(U) =N P U(w ) i=1i i Prospect Theory E(v) = ( pr ) v ( x r ) (pr) = pr /[pr (1 pr)](1/)
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
