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Today is a great day for Stephanie. She played the MegaBillions lottery and won $25. In addition, while hanging out at Ho-Chung Bingo & Casino,

Today is a great day for Stephanie. She played the MegaBillions lottery and won $25. In addition, while hanging out at Ho-Chung Bingo & Casino, she saw another patron drop a $16 voucher. Stephanie did not say anything and kept the voucher for herself. Later, Stephanie realized that she had lost her wallet which had both the MegaBillions ticket & $7 inside. Assume Stephanie's value function is defined as follows:

v(x)= (x, if x 0

4|x|/2 if x < 0

What is the difference in the value of these outcomes if Stephanie integrates them as compare to the value she would get from segregating them?

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