How to Overcome Biases Understanding prospect theory can help individuals overcome their biases and make more rational choices. For example, an investor who is aware of a bias toward high ...

Prospect Theory is the name of the concept developed ... not just how you chose things you buy. For example, if you want to judge how bright the lights are in the room, then the amount of light ...

Prospect theory and public health messaging The theory suggests that people are irrational in their decision-making. For example, it demonstrates that when certain messages are framed in positive ...

Prospect theory and public health messaging The theory suggests that people are irrational in their decision-making. For example, it demonstrates that when certain messages are framed in positive ...

Take NAFTA for example. Roughly speaking ... POSTSCRIPT: Needless to say, anyone who knows more about Prospect Theory than I do is welcome to chime in. If my amateur analysis is wrong, I ...

so you’d think prospect theory might have something to say. Well, Mark Kleiman makes the case here, and he thinks that reluctance to perform mass vaccinations is a good example of framing ...

Prospect theory, proposed by Kahneman and Tversky in 1979, has been acknowledged as an excellent decision-making theory for the bounded rationality of investors tending to show cognitive bias ...

Prospect Theory is the name of the concept developed by Nobel-prize ... Moreover, where you started affects your judgments on all things, not just how you chose things you buy. For example, if you ...