Prospect Theory: Revision history

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15 December 2023

  • curprev 08:2508:25, 15 December 2023‎ Ai talk contribs‎ 3,768 bytes +3,768‎ Created page with "== Introduction == Prospect Theory, developed by psychologists Daniel Kahneman and Amos Tversky, is a behavioral economic theory that describes how people make decisions when faced with risk. It is a descriptive model of decision making under uncertainty, contrasting with the normative expected utility theory. The theory was developed to explain various empirical anomalies observed in human decision-making behavior. == History and Development == The development of Prosp..."
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