And … the reality of decision making!
By David Shahrestani
In the early 1980s, Daniel Kahneman and Amos Tverskey proved in numerous experiments that the reality of decision making differed greatly from the assumptions held by economists.
They published their findings in Prospect Theory: An analysis of decision making under risk, which quickly became one of the most cited papers in all of economics. To […]
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Human Nature #9: Prospect Theory — Wiser Daily
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Conclusion
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Filed under: Ethics, Financial Planning | Tagged: Amos Tverskey, Daniel Kahneman, David Shahrestani, Prospect Theory | Leave a comment »













