« previous next »

Author Question: According to prospect theory, A) people are concerned with wealth levels only. B) people are ... (Read 55 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?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

The age-dependent curve of salivary progresterone levels in three populations. The age-dependent curve of salivary progresterone levels in three populations.
Descartes’ Theory Descartes’ Theory
Older people who exercise cognitive skills, like these chess players, retain those skills well into ... Older people who exercise cognitive skills, like these chess players, retain those skills well into ...
Aggregates are people who happen to be in the same place at the same time. Aggregates are people who happen to be in the same place at the same time.
Despite the globe’s vast social change, people all over the world continue to make race a ... Despite the globe’s vast social change, people all over the world continue to make race a ...
An overview of the levels of organization in nature An overview of the levels of organization in nature
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library