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The Prospect theory was introduced by two psychologists, Daniel Kahneman, and Amos Tversky. 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.
A boat travels 315 km downstream in 7 hours and 135 km upstream in 9 hours. Determine the total time the boat takes to cover 150 ...
A man can row one quarters of a kilometer against the stream in 30/4 minutes and return in 5/2 minutes. The speed of the man in still water is:
Speed of a boat in still water is 12 kmph and speed of stream is 9 kmph. A man rows to a place at a distance of 63 km and come back to starting point. T...
The speed of current is 30 km/hr. If the speed of the boat in still water had been 13 km/hr more than the original speed then it would take 7.5 hours to...
A boat running downstream covers a distance of 56 km in 7 hrs and covering the same distance upstream in 14 hrs. What is the speed of a boat in still wa...
Speed of a boat in still water to speed of boat in upstream is 10:7. If the boat can travel 390 km in downstream in 5 hours, then find the time taken by...
The speed of the stream is 12 km/h. Boat ‘A’ covers 160 km distance against the stream in 8 hours and boat ‘B’ covers 84 km distance against the...
A boat can travel 10 km more in downstream than that in upstream, in 5 hours while the difference between the time taken by the same boat to travel 250 ...
The speed of a boat in still water is three times the speed of the boat upstream. If the boat takes 30 minutes to cover 27 km downstream, then find the ...
A boat moves 25km upstream and 39km downstream in 8 hours. It travels 35km upstream and 52km downstream in 11 hours. What is the speed of the stream if ...