URL details: myhd333.com/2021/08/18/the-prospect-theory-be-1/
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The Prospect Theory (BE-1) – Learn, think and do
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Introduction Brief Discussion on the Expected Utility Theory (EUT) The Prospect Theory Limitations of the Prospect Theory Introduction Let's start with the following question: Which do you prefer, based on a coin toss (assumed to be fair unless mentioned otherwise)? If it comes up heads you win $100, and if it comes up tails you…
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