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________ refers to how people make decisions in a lottery or with uncertainty. People do not generally make expected value decisions. They tend to overweight unlikely outcomes and underweight more likely events.a. Heuristicsb. Rational decision makingc. Prospect theory

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Heroine26

Answer: prospect theory

Explanation: Prospect theory an be defined as a behavioral model that shows how people decide between alternatives that involve risk and uncertainty and it also demonstrates that people think in terms of expected utility relative to a reference point (e.g. current wealth) rather than absolute outcomes.

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