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Rafael receives an unexpected gift of $1,000, but then also receives an unexpected bill of $400According to prospect theory Multiple Choice the net effect on
Rafael receives an unexpected gift of $1,000, but then also receives an unexpected bill of $400According to prospect theory Multiple Choice the net effect on utility is uncertain because of mental accounting Rafael will have no net utility gain because the utility gain from the gift will be fully offset by the disutility from the bill Rafael will have a net utility gain because he is $600 better off Rafael will have net utility loss
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