Question

carols university puts a cap of $10,000 on the combined aid and scholarship money a student can receive. as a freshman, carol had received $7,500 in combined loans and scholarships. for her sophomore year, carol won a competitive $5,000 scholarship, and her previous aid package was reduced by $2,500. according to prospect theory, what will carols strongest feeling be?

a.pride in winning the $5,000 scholarship

b.happiness about the added $2,500 in her aid package

c.sadness over losing $2,500 of her previous aid package

d.happiness over having scholarship and aid money

Answer

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