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  4. Reference Point Adaptation: Explaining how individuals adjust their reference points over time, affecting their perception of gains and losses, and its implications for decision-making.
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  6. Prospect Theory Applications: Applying Prospect Theory to real-world scenarios such as financial investments, consumer behavior, and public policy, and analyzing the deviations from rational decision-making.
  7. Loss Aversion in Investment: Elaborating on how loss aversion influences investors' decisions, causing them to hold onto losing investments for longer periods and the subsequent impact on portfolio management.
  8. Prospect Theory vs. Expected Utility Theory: Providing a comprehensive comparison between these two theories, highlighting the strengths and limitations of each in explaining decision-making behaviors.

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