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Which of the following best describes the relation between Von NeumannMorgenstern expected utility theory and Prospect Theory? A.Prospect Theory argues utility depends on changes in

Which of the following best describes the relation between Von NeumannMorgenstern expected utility theory and Prospect Theory?

A.Prospect Theory argues utility depends on changes in wealth, while Von NeumannMorgenstern expected utility theory argues people care about levels of wealth

B.Prospect Theory is purely rational, while Von NeumannMorgenstern expected utility theory is behavioral

C.They essentially say the same thing

D.None of these options

E.Behavioral finance proponents believe the Von NeumannMorgenstern axioms are 100% true

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