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Which of the following assumptions is not necessary to explain the volatility puzzle using Prospect Theory? Select one: a. Loss aversion. O b. Dynamic loss

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Which of the following assumptions is not necessary to explain the volatility puzzle using Prospect Theory? Select one: a. Loss aversion. O b. Dynamic loss aversion. O c. Probability weighting. d. All of the other assumptions are necessary to explain the volatility puzzle using Prospect Theory

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