Replicating patterns of prospect theory for decision under risk

  title={Replicating patterns of prospect theory for decision under risk},
  author={Kai Ruggeri and Sonia Al{\'i} and Mari Louise Berge and Giulia Bertoldo and Ludvig Daae Bj{\o}rndal and Anna Cortijos-Bernabeu and Claire Davison and Emir Demi{\'c} and Celia Esteban-Serna and Maja Friedemann and Shannon P. Gibson and Hannes Jarke and Ralitsa Karakasheva and Peggah R. Khorrami and Jakob Kveder and Thomas Lind Andersen and Ingvild Sand{\o} Lofthus and Lucy McGill and Ana Nieto and Jacobo P{\'e}rez and Sahana K. Quail and Charlotte Rutherford and Felice Tavera and Nastja Tomat and Chiara Van Reyn and Bojana Ve{\'c}kalov and Keying Wang and Aleksandra Yosifova and Francesca Papa and Enrico Rubaltelli and Sander van der Linden and Tomas Folke},
  journal={Nature Human Behaviour},
Prospect theory is among the most influential frameworks in behavioural science, specifically in research on decision-making under risk. Kahneman and Tversky’s 1979 study tested financial choices under risk, concluding that such judgements deviate significantly from the assumptions of expected utility theory, which had remarkable impacts on science, policy and industry. Though substantial evidence supports prospect theory, many presumed canonical theories have drawn scrutiny for recent… 

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  • C. Sunstein
  • Psychology, Economics
    Behavioural Public Policy
  • 2022
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