Question: 2 Reference Point Tyler lives in Anchorage and has loss averse preferences. In particular, Tyler values a gain of amount 3: as 1 51(3) =

2 Reference Point Tyler lives in Anchorage and has loss averse

2 Reference Point Tyler lives in Anchorage and has loss averse preferences. In particular, Tyler values a gain of amount 3: as 1 51(3) = 33% and values a loss of 3: as \"(3) = 2:r (a) What is the maximum amount of money that Tyler would pay for a lottery that pays $1000l with probability % and $0 with probability %? (b) \"that is the maximmn amount of money that Tyler would pay to avoid playing a lottery that loses $1000 with probability % and loses $0 with probability %? (e) What is the maximum amount of money that Tyler would pay to avoid playing a lottery that loses $1000 with probability % and gains $1000 with probability {1

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