It is a further development and variant of prospect theory.

According to prospect theory, people make different economic choices based on how the matter is framed.

Prospect theory was an early inspiration for this discipline, and has been further developed by its practitioners.

More comprehensive explanations also use other aspects of prospect theory, such as reflection effect.

Q. What kinds of things does prospect theory explain?

The pseudocertainty effect is a concept from prospect theory.

This led to the development of prospect theory as an alternative to rational choice theory.

It is an idea introduced in prospect theory.

Prospect theory is an example of generalized expected utility theory.

Later, he and Kahneman originated prospect theory to explain irrational human economic choices.

In response to the economic crisis, the leaders of these countries quickly adopted and implemented new neoliberal policies due to prospect theory.

Article: Academic decision making and prospect theory.

They attribute it to a combination of loss aversion and the endowment effect, two ideas relevant to prospect theory.

Prospect theory describes how people make decisions.

As prospect theory states, people are heavily loss-averse.

This explains the curvilinear shape of the prospect theory utility graph in the positive domain.

Q. How did prospect theory influence economists?

Prospect theory claims that people begin with zero daily profit as a reference point and gamble in the domain of losses to break even.

Advances in prospect theory: Cumulative representation of uncertainty.

People who score high are less vulnerable to various biases in thinking including prospect theory and irrational intertemporal choices.

Q. You and Amos Tversky are perhaps best known for prospect theory.

List's research on behavioral economics has focused on testing theories like gift exchange, social preferences, and prospect theory.

Examples include the prospect theory model of Benartzi and Thaler (1995) based on loss aversion.

David Krantz wrote the formal proof to prospect theory using the theory of conjoint measurement.

The original version of prospect theory gave rise to violations of first-order stochastic dominance.