According to prospect theory how do people typically evaluate options that involve risk and uncertai...........

Economic and social issues(Phase-I/II) Nature of Indian economy

According to prospect theory, how do people typically evaluate options that involve risk and uncertainty?

This questions was previously asked in

Nabard grade-A, Previous year Memory Based Paper (2023)

In terms of absolute results

Based on a present wealth

By comparing projected utility to a benchmark

By minimizing losses

By maximizing gains

By comparing projected utility to a benchmark

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