Which One of the Following Statements Is Correct Regarding Prospect

Which one of the following statements is correct regarding prospect theory?

A) Average investors tend to lose more money than they earn from investing.
B) Typical investors feel that losing $1 is twice as painful as the pleasure derived from making $1.
C) Investors should focus on gains and losses in individual securities rather than their portfolio's total value.
D) Typical investors tend to react irrationally only when focusing on total portfolio value.
E) Average investors tend to prefer higher levels of risk.