« previous next »

Author Question: According to prospect theory, A) people are concerned with wealth levels only. B) people are ... (Read 64 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
on: Jul 1, 2018
According to prospect theory,
 
  A) people are concerned with wealth levels only.
  B) people are concerned with changes in wealth levels only.
  C) people never use a reference level when making their decisions.
  D) everybody is risk-neutral.

Question 2

One aspect of prospect theory is that people tend to
 
  A) be very risk averse to large gains.
  B) be very risk averse to losses.
  C) love losses more than gains.
  D) hate gains regardless of potential losses.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Zack0mack0101@yahoo.com

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
In the 1800s, most people were poor, and formal education beyond the first several grades was a ... In the 1800s, most people were poor, and formal education beyond the first several grades was a ...
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
Some people have begun to “attend” church as avatars. Some people have begun to “attend” church as avatars.
Marketing: Real People, Real Choices Marketing: Real People, Real Choices
The distribution of the number of hours that a random sample of people spend doing chores per ... The distribution of the number of hours that a random sample of people spend doing chores per ...
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library