What prospect theory coupled with the concept of loss aversion provides is a theory for why risk should matter in the mobility process. Data Selection and Model Design The data we used to examine the ...

The journalist and activist Cory Doctorow christened this phenomenon the “enshittification” of the internet, and argued it was an inevitable result of the business model of the modern internet age: ...

That seemed like compelling evidence that language models have attained theory of mind, an exciting prospect as they become increasingly entwined in our lives. “The ability to impute the mental state ...

Prospect Theory and Loss-Aversion . ... Behavioral finance and investor psychology reveal that despite the assumption of rational actors in mainstream economic models, ...

Option A: 50% chance of gaining £10,000 and a 50% chance of gaining £0 Option B: 100% chance of gaining £5,000 Prospect theory states that we are more likely to choose the second option.

A new model. Though Kahneman’s prospect theory and fast and slow thinking model have many useful applications to public health messaging, they have received criticism for relying too heavily on ...