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(wealth management) Your friend has $10,000 in his bank account. He won a lottery and received $50,000. You have $110, 000 in your bank account.
(wealth management)
Your friend has $10,000 in his bank account. He won a lottery and received $50,000. You have $110, 000 in your bank account. You then lost $50,000 in a bet. Which of the following is TRUE? (A) By Prospect Theory, you are as happy as your friend (B) By Prospect Theory, your friend is happier than you (C) By Prospect Theory, your friend is less happy than you (D) Prospect Theory has no predictions on our happiness
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