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Under the prospect theory probability weighting function Individuals overweight all probabilities in their decision-making Individuals overweight low probability events in their decision-making Individuals overweight the

Under the prospect theory probability weighting function

Individuals overweight all probabilities in their decision-making

Individuals overweight low probability events in their decision-making

Individuals overweight the probabilities of more recent outcomes in their decision-making and underweight the probabilities of things that have happened in the more distant past

Individuals underweight all probabilities in their decision-making

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