Episode 19: Prospect Theory by Daniel Kahneman and Amos Tversky
Update: 2025-05-23
Description
In this episode, we explore 'Prospect Theory' by Daniel Kahneman and Amos Tversky. 'Prospect Theory' explores how people make decisions under risk, revealing that individuals value gains and losses differently, leading to irrational decision-making that deviates from expected utility theory.
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