Question: The basic experiment that Tvesky and Kahneman (1992) showed that he asked how much you need to gain that worth a loss of $10 when
The basic experiment that Tvesky and Kahneman (1992) showed that he asked how much you need to gain that worth a loss of $10 when one fair coin flipped. The answer was supporting the idea because most of them said more than $20. What kind of information does the sentence cover in terms of prospect theory. You can exercise the value function graph if you want. (Behavioral Finance Question)
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