Prospect theory is a theory of behavioral economics, judgment and decision making that was developed by Daniel Kahneman and Amos Tversky in 1979. The...

Cumulative prospect theory (CPT) is a model for descriptive decisions under risk and uncertainty which was introduced by Amos Tversky and Daniel Kahneman...

one person gains at the expense of another). The following relate to prospect theory: Ambiguity effect, the tendency to avoid options for which the probability...

traced the cause of the disposition effect to the so-called "prospect theory". The prospect theory proposes that when an individual is presented with two equal...

his career: his early work concerning cognitive biases, his work on prospect theory and happiness, and with the Israel Defense Forces. The book was a New...

human errors that arise from heuristics and biases, and developed prospect theory. In 2011, Kahneman was named by Foreign Policy magazine in its list...

prediction and probability judgment; later they worked together to develop prospect theory, which aims to explain irrational human economic choices and is considered...

discrepancies is called Prospect Theory. The 'doubly-divergent' critique of Rational Choice Theory implicit in Prospect Theory has sometimes been presented...

revised account of prospect theory that they called cumulative prospect theory. The new theory eliminated the editing phase in prospect theory and focused just...

aversion in their paper criticising the expected utility theory and proposing prospect theory as an alternative descriptive model of decision making under...