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b) An investor is being given these four different choices: Choice 2 | . B You have just won 2100 and have the opportunity to gamble again to win 450 or lose 450 with equal chance. Yes or no? You have just lost 2500 and have the opportunity to gamble again to win 400 or lose 400 with equal chance. Yes or no? sure gain of 2100 2550 with probability of 0.5 and 1650 with probability 0.5 sure loss of 2500 2100 loss with probability of 0.5 and 2900 loss with probability 0.5 4 The investor chooses yes in choice 1, no in choice 2, A in choice 3 and B in choice 4. Critically appraise these choices and explain whether these choices would be a challenge to the theories discussed in Q1 part a. Explain your reasoning. b) An investor is being given these four different choices: Choice 2 | . B You have just won 2100 and have the opportunity to gamble again to win 450 or lose 450 with equal chance. Yes or no? You have just lost 2500 and have the opportunity to gamble again to win 400 or lose 400 with equal chance. Yes or no? sure gain of 2100 2550 with probability of 0.5 and 1650 with probability 0.5 sure loss of 2500 2100 loss with probability of 0.5 and 2900 loss with probability 0.5 4 The investor chooses yes in choice 1, no in choice 2, A in choice 3 and B in choice 4. Critically appraise these choices and explain whether these choices would be a challenge to the theories discussed in Q1 part a. Explain your reasoning

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