Range defines Modern Portfolio Theory, the mathematical framework of investment decision-making that quantifies the ...

At first sight, the less illustrious field of financial theory resembles Feynman’s. A popular destination for recovering ...

Researchers have shown that abstract mathematical functions from the frontiers of theoretical physics have a real-world use in modeling gravitational waves ...

Saturday was a big day for Chicago Cubs faithful as it was the highly anticipated debut for top pitching prospect Cade Horton. Craig Counsell went with Brad Keller as an opener against the New ...

for example. "That becomes silly," he quipped. "The assumption that individual investors are rational. That leads to serious mistakes." With Prospect Theory, the work for which Kahneman won the Nobel ...

More examples of the importance of emotions in human behavior can be found in the work of Daniel Kahneman and Amos Tversky, the famous duo who begot the field of behavioral economics. Here, I will ...

In prospect theory, it is the gains and losses relative to a reference level that matter; in the case of residential mobility the reference level is the status quo. In the strict, labor model of ...

Kahneman's work on loss aversion, for example, a key component of Prospect Theory, has profound implications for political behaviour. The theory posits that losses loom larger than gains, leading ...

Backed by controlled studies, Prospect Theory posits that humans feel the pain of losses far greater than the pleasure of wins. For example; experiments indicated that the pain of losing $1,000 ...