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Please help with the questions Show mathematically how loss aversion can help explain the result of the endowment effect experiment. We will break this down

Please help with the questions

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Show mathematically how loss aversion can help explain the result of the endowment effect experiment. We will break this down into several steps. First, some assumptions and notation: Suppose the value of a certain bundle of cash (c) and mugs (m) given a reference point in cash (Tc } and a reference point in mugs (Tm ) is v(c,m|rc,rm) = c + m + \"(c are) + \"(m rm), where (z): 2 2:20 \" Az z

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