Prospect theory [1, 2, 3] has perhaps been one of the most influential theories within psychology and behavioral economics. Daniel Kahneman won the Nobel prize for this work. Prospect theory and ...

Prospect theory has emerged as a pivotal framework in understanding travel choice behaviour under uncertainty, offering a nuanced perspective that diverges from traditional expected utility theory.

A new global study offers a powerful confirmation of one of the most influential frameworks in all of behavioral sciences and behavioral economics: prospect theory, which when introduced in 1979 led ...

Researchers have proposed a cross-sectional prospect theory value with enhanced predictive power for future positive performance in the past 12-month stock return distributions, compared to existing ...

You've been hearing a bit about Daniel Kahneman, the psychologist and Nobel laureate, recently, thanks to the publication of his new book, "Thinking, Fast and Slow." This graphic illustrates how the ...

Prospect theory [1, 2, 3] has perhaps been one of the most influential theories within psychology and behavioral economics. Daniel Kahneman won the Nobel prize for this work. Prospect theory and ...