assumes that people simplify available information, give great weight to outcomes that are sure things, and compare choices with a reference point.

Prospect theory                                    

Explanation:

Prospect theory: In psychology, the term "prospect theory" is determined as one of the behavioral models that significantly displays the process through an individual decides or analyze between different alternatives that evolve high uncertainty and risk, for example, the loss of gain percent in anything.

The prospect theory explains that different individuals believe by analyzing the "expected utility" as compared to any "reference point" instead of any "absolute outcome".

In the question above, the given statement signifies the "prospect theory".

answer; (c) a law code that provides believers with a set of pratical laws to regulate their daily lives

the secretary of state, appointed by the president with the advice and consent of the senate, is the president's chief foreign affairs adviser. the secretary carries out the president's foreign policies through the state department and the foreign service of the united states.