Prospect Theory Holds That

Prospect theory holds that

A) prospective candidates only become effective when they announce their official run for candidacy.
B) when incumbent parties lose, they are replaced by a more extreme party, even if the incumbent party may have been seen as extreme.
C) voters are risk-averse in their choice between gains and become risk seekers when choosing between losses. They will not normally elect extremists unless the incumbent is not helping.
D) centrist and extremist candidates alternate holding governmental power. The centrists rise, gain power, and fall to the extremists who rise, gain power, and fall to the centrists.