Consider a person with the following value function under prospect theory: v ( w ) = w .5 if w 0 =-2(- w )0.

Consider a person with the following value function under prospect theory:

               v(w) = w.0.5        if w  0

                     =-2(-w)0.5    if w < 0

Assume that this individual weight values by probabilities, instead of using the prospect theory weighting function. What is the value of the following prospect?

              P1 (0.6, 1000, -800)