Prepare a professional 3-4 page 'white paper', double space Times New Roman 12 point font. Include topics:
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Question:
Prepare a professional 3-4 page 'white paper', double space Times New Roman 12 point font.
Include topics:
1. Prospect theory vs expected utility theory
2. a numeric example demonstrating violations of expected utility theory
3. description of the value function
4. implications of prospect theory or behavioral finance for the efficient market hypothesis
5. an example of an anomaly that could be explained by prospect theory
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