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Homework answers / question archive / The Prospect theory utility function is: A) risk averse B) concave to the left of reference point and convex to the right C) S-shaped D) risk neutral E) convex

The Prospect theory utility function is: A) risk averse B) concave to the left of reference point and convex to the right C) S-shaped D) risk neutral E) convex

Economics

The Prospect theory utility function is:

A) risk averse

B) concave to the left of reference point and convex to the right

C) S-shaped

D) risk neutral

E) convex

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Answer-

The correct answer is E.

The Prospect theory utility function is a convex value funcation as it is having the potential to avoid loses.

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