Question: QUESTION ONE A simplified prospect theory value function with x representing changes in wealth can be written as V(x)= x12 x20 V(x)= -2(-x) 2 follows:

 QUESTION ONE A simplified prospect theory value function with x representing

QUESTION ONE A simplified prospect theory value function with x representing changes in wealth can be written as V(x)= x12 x20 V(x)= -2(-x)" 2 follows: x

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