On prospect theory, making choices for others, and the affective psychology of risk
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DOI: 10.1016/j.jesp.2021.104177
Abstract: Abstract Previous research has generally shown that people’s decisions conform to the four-fold pattern of prospect theory; that is, people over-weight prospects with small probabilities and under-weight prospects with large probabilities. In terms of making… read more here.
Keywords: psychology risk; prospect theory; psychology; affective psychology ... See more keywords