Kahneman and Tversky (1984) observe that risk seeking is prevalent when people must...
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Kahneman and Tversky (1984) observe that risk seeking is prevalent when people must choose between a sure loss and a substantial probability of larger loss (and some probability of smaller loss).
Briefly explain how their VALUE function explains the phenomenon
Kahneman and Tversky (1984) observe that risk seeking is prevalent when people must choose between a sure loss and a substantial probability of larger loss (and some probability of smaller loss).
Briefly explain how their VALUE function explains the phenomenon
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