Question: 1. Based on Chapter 6 (Consumer choice with uncertainty/certainty parts), answer the following question A. Which option Ahmed will choose if - In the first

1. Based on Chapter 6 (Consumer choice with uncertainty/certainty parts), answer the following question

A. Which option Ahmed will choose if

- In the first game, Ahmed has a 10% chance to get $100 and a 90% chance to get $0.

- In the second game he still has 50% to get either %10 or $0.

B. Interpret your result

2. How does utility theory help in decision analysis?

3. Why the prospect theory is important?

4. In your point of view, which is better prospect theory or expected utility theory? Why?

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