Question
Which of the following description about prospect theory is NOT right? Group of answer choices People experience more increase in their utility when they have
Which of the following description about prospect theory is NOT right?
Group of answer choices
People experience more increase in their utility when they have gains in their wealth than the decrease in their utility when they suffer the same amount of losses
People evaluate their wealth relative to a reference point in their mind
The utility function of gains has a different shape than the utility function of losses
People experience more decrease in their utility when they suffer losses of their wealth than the increase in their utility when they have the same amount of gains
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