Question: 1. Define Normative Theory 2. What does it mean when we say a Theory is falsifiable? 3. Find the expected monetary value (EMV) of your

1. Define Normative Theory 2. What does it mean when we say a Theory is falsifiable? 3. Find the expected monetary value (EMV) of your offer from the XYZ Company. If the expectations are: 30% chance you will get an offer for $40,000, 40% chance you will get an offer for $50,000, 20% Chance you will get an offer for $80,000, 10% chance you will get no offer at all

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