Go and read John List's Neoclassical vs Prospect Theory ( 2004). We built a thoroughly object algo to try and beat the biasrs of Prospect Theory. It beat Blue Buttons ( new traders) but could not outperform experienced traders except on reaction times. Because of the very thigs List talks about
Now I really really cannot be bothered entertaining this nonsense anymore so as you have claimed it is about numeracy, then isn't about numeracy and now is back to being about numeracy I'm going to save both of us wasting time on your blackhole and block you for both our sakes. I can only implore
You to bother to read Prospect Theory properly and realise it is just a model, read the much newer critiques and realise it does not actually always apply nor is it a constant. But people who do not know any better often cite it as if it is a universal law.