Suppose a person's value function v() is v(x) = x/2 for gains (x0) and v(x) =...

 

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Suppose a person's value function v() is v(x) = x/2 for gains (x0) and v(x) = -2x for losses (x < 0). Suppose further that his probability weighting function () is (p) 0.3+0.5p for 0 Suppose a person's value function v() is v(x) = x/2 for gains (x0) and v(x) = -2x for losses (x < 0). Suppose further that his probability weighting function () is (p) 0.3+0.5p for 0