2.(4%) Conventional utility functions are________ and defined in terms of ________, whereas prospect theory
assumes that utility functions are________ and defined in terms of________.
(A) concave; wealth; convex to losses and concave to gains; the change of wealth.
(B) convex; the change of wealth; convex to losses and concave to gains; the change of wealth
(C) convex to losses and concave to gains; the change of wealth; concave; wealth
(D) convex to losses and concave to gains; wealth; concave; the change of wealth
(E) concave; wealth; concave; the change of wealth