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cost price. We do not current an axiomatic derivation of the DU model, however instead give attention to those features that highlight the implicit psychological assumptions underlying the model. risk can be likewise mirrored across the two domains. For instance, a given individual who shows risk-aversion in a choice amongst explicit prospects with nonnegative outcomes could show danger-seeking if all outcomes are modified to losses of the identical absolute magnitude. Kahneman and Tversky report proof for this kind of effect from an experiment Amazing hippie stay wild moon child full printing rompersinvolving selections among prospects of the shape s5 (x, p; 0, 1 p) and r5 (y, • p; 0, 1 • p). For given absolute values of x and y the vast majority of subjects revealed s5 r5 when y x zero and r5 s5 when y x zero. The “Asian illness” instance mentioned at the end of part three is in keeping with the reflection effect. In that example, the selection between prospects was affected by the description of options. When outcomes were framed
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