In developing prospect theory, which of the following did behavioral economists not discover about people's reaction to goods and bads?

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Prospect theory, developed by Daniel Kahneman and Amos Tversky, challenges the classical economic assumption that people behave rationally and value gains and losses equally. It found that people are loss averse (B), judge outcomes relative to a reference point or status quo (C), and experience diminishing sensitivity to both gains and losses (D). Therefore, the discovery that people feel equivalent losses and gains in equal measure (A) is not part of prospect theory; it contradicts the theory's findings.

In Developing Prospect Theory, Which of the Following Did Behavioral