Daniel Kahneman's theory is Prospect Theory, for which he won the Nobel Prize in Economic Sciences in 2002.He introduced thus theory along with Amos Tversky. The theory deals with human judgment and decision-making. As per the theory, given the choice of equal probabilities, most people would choose to retain the wealth that they already have, rather than risk the chance to increase their current wealth. People are usually averse to the possibility of losing, such that they would rather avoid a loss rather than take a risk to make an equivalent gain. It is a psychology theory that describes how people make decisions when presented with alternatives that involve risk, probability, anduncertainty. It holds that people make decisions based on perceived losses or gains. Kahneman won the Nobel Prize for his work in integrating psychology into economics, particularly how human decision-making impacts economic decisions in times of uncertainty.
Four of the following five are alike in a certain way and hence they form a group. Which one of the following does not belong to that group?
Which pair of floors correctly represents vacant floors?
Who among the following teaches ‘Chemistry’
How many person lives between the one who likes Daisy and the one who likes lotus?
who likes just before the one who has Pink?
How many boxes were there between Nestle and Galaxy chocolate box?
Which of the following plants was exhibited on Thursday?
If O is related to N and Q is related to M, then who among the following person is related to S?
Four of the following five are alike in a certain way based on the given arrangement and thus form a group. Which is the one that does not belong to tha...
Which of the following combination is correct ?