Question: Consider the Prelec function w(p) = e-0.50(-Inp)0.60 . Consider only interior fixed points (so ignore the fixed points w(0) = 0 and w(1) = 1).

Consider the Prelec function w(p) = e-0.50(-Inp)0.60 ". Consider only interior

Consider the Prelec function w(p) = e-0.50(-Inp)0.60 ". Consider only interior fixed points (so ignore the fixed points w(0) = 0 and w(1) = 1). Let p be the probability corresponding to the point of inflexion and p* the fixed point. Which of the following statements is true ? (A) P> p*. (B) P

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