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

In behavioral economics, cumulative prospect theory (CPT) is a model for descriptive decisions under risk and uncertainty which was introduced by Amos...

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

necessarily comes 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...

process theories can be found in social, personality, cognitive, and clinical psychology. It has also been linked with economics via prospect theory and behavioral...

Economics writer Chris Dillow has argued that, among other factors, prospect theory may explain the willingness of many voters to take a path that he sees...

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

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

optimization (KTO) is another direct alignment algorithm drawing from prospect theory to model uncertainty in human decisions that may not maximize the expected...

When defined in terms of the pseudo-utility function as in cumulative prospect theory (CPT), the left-hand of the function increases much more steeply than...

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

his career: his early work concerning cognitive biases, his work on prospect theory and happiness, and with the Israel Defense Forces. Jason Zweig, a columnist...

people tend to interpret a situation more positively than it is Prospect theory – Theory of behavioral economics Automatic vigilance hypothesis Leniency...

theories to explain these deficiencies for many years. These include prospect theory, rank-dependent expected utility and cumulative prospect theory,...

development of prospect theory, which modified expected utility theory by accounting for psychological factors. Normative decision theory is concerned with...

underweight large ones. Daniel Kahneman and Amos Tversky proposed prospect theory to encompass these observations and offer an alternative model. There...

"Escalating Commitment in Individual and Group Decision Making: A Prospect Theory Approach". Organizational Behavior and Human Decision Processes. 54...

probability events introduced in cumulative prospect theory may restore the St. Petersburg paradox. Cumulative prospect theory avoids the St. Petersburg paradox...

aspects of multiple major theories, including expectancy theory, hyperbolic discounting, need theory and cumulative prospect theory. According to Schmidt...

probabilities. Widely accepted risk-aversion theories, including Expected Utility Theory (EUT) and Prospect Theory (PT), arrive at risk aversion only indirectly...

to the problem observed by Rabin is that proposed by prospect theory and cumulative prospect theory, where outcomes are considered relative to a reference...

motivation to pursue a goal can be explained using the principles of Prospect theory – specifically, those associated with the S-shaped value function....

utility theory. These problems are usually referred to as the Allais paradox and Ellsberg paradox. Beginning in 1979 with the publication of the prospect theory...

needed] Prospect theory helps to describe the natural reactions and processes involved in making a decision in a risk-taking situation. Prospect theory makes...

saved, patients treated or not treated, monetary gains or losses. Prospect theory posits that a loss is more significant than the equivalent gain, that...

model preferences incorporating probability theory, most notably the original version of prospect theory, presented by Daniel Kahneman and Amos Tversky...

Econometrica 47: 263–91, 1979. Description: In this article, Prospect theory, a descriptive theory of choices under uncertainty, is introduced, bringing together...

axioms of rational choice are not true. This led to the development of prospect theory. The context or framing of problems adopted by decision-makers results...

selections led to. Prospect theory guides much of what is currently known regarding described choices. According to prospect theory, the decision weight...