REWARD (Psychology)PROSPECT theoryNEURAL circuitryMODEL theoryNEURAL codesMIRROR neuronsProspect theory, arguably the most prominent theory of choice, is an obvious candidate for neural valuation models. How the activity of individual neurons, a possible computational unit, obeys prospect theory remains ...
Prospect Theory, introduced by psychologists Daniel Kahneman and Amos Tversky in 1979, explores decision-making under risk and uncertainty. It is a psychology theory that suggests that individuals prioritize avoiding losses over seeking gains, exhibiting characteristics like certainty preference, discounting ...
Mit der sogenannten Neuen Erwartungstheorie («Prospect Theory»), für die er den Nobelpreis erhielt, schlug Kahneman vor, unsere Denkweise über Entscheidungen in Bezug auf Risiken, insbesondere finanzieller Art, zu ändern. Zusammen mit Tversky fand er heraus, dass Menschen nicht in ers...
prospect theory psychologyposits that when given a choice between the two equal options, most investors will typically choose the one presented in terms of prospective gains rather than one shown in terms of loss. The psychological explanation behind this behavior is that losses take a more ...
In subject area:Psychology Prospect theory: a formal description of how individuals transform probabilities into weights and losses or gains into values to estimate the utility of an option in a decision-making situation [99]. From:Trends in Cognitive Sciences,2012 ...
The psychology of sunk cost. Organ. Behav. Hum. Decis. Process. 35, 124–140 (1985). Article Google Scholar Uecker, W., Schepanski, A. & Shin, J. Toward a positive theory of information evaluation: relevant tests of competing models in a principal-agency setting. Account. Rev. 60,...
Advances in Prospect Theory: Cumulative Representation of Uncertainty Amos Tversky Stanford University, Dept. of Psychology Daniel Kahneman U. C. Berkeley, Dept. of Psychology A new version of prospect theory: Cumulative Prospect Theory ? Applies to both uncertain and risky prospects ? New experiment...
Using a sample of Chinese mutual funds over 2007–2021, we explore whether prospect theory (PT) accurately represents the risk preferences and behavior of Chinese fund investors. We find a significant positive relationship between the fund-level PT value and future flows. After controlling for the...
Although prospect theory is a popular alternative, it is rarely applied in strategic situations in which risk arises through individual interactions. This study fills this research gap by incorporating prospect theory preferences into a dynamic game theoretic model. Using a large field data set from ...
1981. “The Framing of Decisions and the Psychology of Choice.” Science 211 (4481): 453–58. 發表者:yinung • 發表在 expectations、experiment、loss aversion、MLA、rational choice theory、實驗、文獻回顧 中 • 已加上的標籤 2012、endowment effects、Prospect Theory、risk preferences ...