Prospect theory: An analysis of decision under risk Econometrica 47

By Daniel Kahneman, Amos Tversky. 1979

Subfields: Game & Decision Theory, Cognitive Science & Psychology, Economics & Operations Research

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Citations in the corpus

Anticipating Safety Issues in E2E Conversational AI: Framework and Tooling (2021, background): “Loss aversion (Kahneman & Tversky, 1979; Tversky & Kahne-man, 1991) is a robust effect of people’s risk evaluation.”
Twitter mood predicts the stock market (2010, background): “We know from psychological research that emotions, in addition to information, play an significant role in human decision-making [16], [18], [39].”
Effects of Marriage and Children on Financial Risk Tolerance: A Synthesis of Family Development and Prospect Theory (2003, methodology): “A third model, prospect theory ( Kahneman & Tversky, 1979 ), represents a much greater divergence from the standard utility maximization model.”
The Effect of Explicit Reference Points on Consumer Choice and Online Bidding Behavior (2005, unknown): “…has received a great deal of attention from both marketing and decision researchers (e.g., Brenner et al. 1999; Dhar et al. 1999; Kahneman 1992; Kahneman and Tversky 1979; Puto 1986; Winer 1986), there has not been much work that examined the impact of explicit reference points on consumer…”
Modeling Elicitation effects in contingent valuation studies: a Monte Carlo Analysis of the bivariate approach (2005, background): “Building upon theoretical results from Prospect Theory (Kahneman and Tversky, 1979), he argues that strategic behavior may only emerge for respondents who answer " yes " to the first price offer, while incentives for the others would be unaltered across elicitation questions.”
Risk Preferences Are Not Time Preferences (2012, background): “As we show, these violations in our baseline cannot be explained by non-EU concepts such as prospect theory probability weighting (Kahneman and Tversky 1979; Tversky and Kahneman 1992; Tversky and Fox 1995), temporally dependent probability weighting (Halevy 2008), or preferences for early…”
Importance of health and environment as quality traits in the buying decision of organic products (2009, background): “This can be reasonably explained by the prospect theory of Kahneman and Tversky (1979), which argues that consumers prefer avoiding risks to capturing gains.”
Personality and domain‐specific risk taking (2005, background): “The first theme relates to expected utility theories, of which prospect theory (Kahneman and Tversky, 1979) is a much-cited example.”
Getting the word out: Enforcement information dissemination and compliance behavior (2009, unknown): “Perhaps the simplest way is suggested by Kahneman and Tversky (1979), who incorporate what they term a “reference point” as a form of social norm in prospect theory.”
Understanding the NIMBY and LULU Phenomena: Reassessing Our Knowledge Base and Informing Future Research (2007, background): “The public, based on what is termed the certainty effect, tends to overweight certain outcomes while discounting those that are less so (Kahneman and Tversky 1979).”
The Relative Persuasiveness of Gain-Framed Loss-Framed Messages for Encouraging Disease Prevention Behaviors: A Meta-Analytic Review (2007, background): “The most common explanatory framework invokes prospect-theoretic reasoning to suggest that potential losses are more motivating than potential gains when risky actions are contemplated, but gains are more motivating than losses for low-risk behaviors (Kahneman & Tversky, 1979).”