"When Amos and I began our work on prospect theory, we quickly reached two conclusions: people attach values to gains and losses rather than to wealth, and the decision weights that they assign to outcomes are different from probabilities. [...]" (
Kahneman, 2011, The Fourfold Pattern, p. 316, Chapter 29, Part IV. Choices).
Keywords:
states of wealth,
value of outcomes,
psychological value,
exchanges,
scenarios,
economy,
decision,
wealth, losses,
points,
future, goods, gains, costs
Kahneman, Daniel. Thinking, fast and slow. Farrar, Straus and Giroux, New York, 2011.
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GregorioIvanoff - 18 Dec 2022
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