If Program B is adopted, there is a 1/3 probability that 600 people will be saved, and a 2/3 probability that no people will be saved.
People tend to choose A over B.
Given the same scenario, but people had to choose between these two programs:
If Program C is adopted, exactly 400 people will die.
If Program D is adopted, there is a 1/3 probability that no people will die, and a 2/3 probability that 600 people will die.
People tend to choose D over C.
Explain why people choose A over B, and D over C using the utility function from the prospect theory, using the figure on slide 53.. Specifically, plot these scenarios to find the utility values for A, B, C and D.
over C using the utility function from the prospect theory, using the figure on slide 53.. Specifically, plot these scenarios to find the utility values for A, B, C and D.
The objective of ss11A-11P Children Act 1989 was to ensure greater compliance with arrangements or orders dealing with contact with children. Critically analyse the extent to which that objective has been met.
Your answer should be fully reasoned.
Assessment Criteria
1. Appropriate level of research.
2. Correct identification of relevant issues.
3. Accurate knowledge and understanding of the law.
4. Structured and reasoned arguments and a logical conclusion.
5. Critical analysis of the relevant issues.
6. Clarity of expression.
7. Reference to legal authority.
Citation style: OSCOLA (Oxford University Standard for Citation of Legal Authorities )
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