NO.PZ201511190100000101
问题如下：
Which of the following statements is most consistent with expected utility theory?
选项：
A.Statement 1.
B.Statement 2.
C.Statement 3.
解释：
C is correct.
Statement 3 is most consistent with expected utility theory. The client exhibits self-control and is able to defer consumption. This client is considering short-term and long-term goals and attempting to maximize the present value of utility. In Statement 1, beliefs are being updated using heuristics rather than Bayes’ formula. Statement 2 is consistent with prospect theory; the client is overweighting the probability of a high financial impact outcome (gains on options) and underweighting the probability of a loss (the option premium cost).
请问老师，这个Statement 2 里对应的overweighting & underweighting知识点是下面的Subjective Probability Weighting吗？
那么，overweighting P(gain), underweighting P(loss),为什么gain是小概率事件，而loss是大概率事件？
