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Prospect Theory stipulates that an individual s perception of their wealth is I. Generally unreliable II . Often set between reference points between achieved results
Prospect Theory stipulates that an individuals perception of their wealth is
I. Generally unreliable
II Often set between reference points between achieved results and current conditions
III. Skewed by the fact that they choose risky alternatives even if the alternatives dont carry appropriate risk criteria
a All are correct.
b Only III is correct.
c None are correct.
d Only II is correct.
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