On the Evolutionary Origin of Prospect Theory Preferences

By Rose McDermott, James H. Fowler, Oleg Smirnov. Journal of Politics, 2008

337 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/6e999ad2247ab943653fa0349ca5f2f97192aa61

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Citations in the corpus

Emotion and the Framing of Risky Choice (2008, background): “There is, however, some evidentiary basis for the greater impact of life and death decisions over other types of choice in terms of exerting an impact on risky choice in risk-sensitive optimal foraging theory, which suggests that risk-seeking increases the closer an organism comes to subsistence lev”
Political Psychology in International Relations: Beyond the Paradigms (2018, background): “functional purposes (Petersen 2015); rather than viewing prospect theory as a documentation of deviations from rational models, for example, evolutionary psychology seeks to explain its origins (McDermott et al. 2008).”
Nonrepresentative Representatives: An Experimental Study of the Decision Making of Elected Politicians (2017, background): “…in international affairs,party and parliamentary dynamics,and public policymaking often conceptualize elite decision makers as more simple utility maximizers, operating under constraints that are determined by higher-order conditions (Jones 2003; McDermott, Fowler, and Smirnov 2008; Tsebelis 2002).”
The Genetics of Investment Biases (2014, background): “…psychological mechanisms behind the investment biases we study in this paper could be the outcome of natural selection (e.g., Rayo and Becker, 2007; McDermott, Fowler, and Smirnov, 2008; Brennan and Lo, 2011; Johnson and Fowler, 2011).3 These studies argue that behaviors that represent investment…”
The Digitization of Healthcare: Boundary Risks, Emotion, and Consumer Willingness to Disclose Personal Health Information (2011, background): “To the extent that risk-seeking behavior increases as the threat to survival increases (McDermott et al. 2008), individuals tend to be more risk-seeking in situations involving human lives compared to involving money or property (Kühberger et al.”