Step by step explanations!!

You have decided to put the most favourable spin on the various combinations of events that occur in your life. For each of the following pairs of events, will you be happier if you consider their effects separately or if you first combine them and consider only their net effect? a. A gain of 6500 and a loss of E50. b. A gain of 650 and a loss of E500. c. A gain of 6500 and a gain of E600. d. A loss of E500 and a loss of E600. Q5. Suppose your happiness is given by a Kahneman-Tversky value function like the one shown in the diagram. Value V(G) Losses Gains V(L)