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These are the given options that we must choose from and place in the void The prospect theory indicated that humans perform an editing phase

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These are the given options that we must choose from and place in the void

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The prospect theory indicated that humans perform an editing phase before the evaluation - match the following edit phases Coding Choose... Dominance Choose... Segregation Choose... Simplification Choose... Combination Choose... Cancellation Choose... Choose... ignore common components defining outcomes as gains or losses 80% chance to win $300 and 20% chance to win $200 = $200 sure gain plus 80% chance of winning $100 and 20% chance of $0 49% chance = 50% compare ($300,0.8; $200,0.2) to sure $100 and ($100, 0.8), discard sure $100 and ($100, 0.8 ($200, 0.25; $200, 0.25) becomes one chance to win $200 with a probability of 50%

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