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, and uncertainty. It holds that people make decisions based on perceived losses or gains
Which of the following festivals is/are associated with the celebration of regional New Year day in India?
I. Gudhi Padwa
II. Poila Baishak
Consider the following statements about UNESCO Creative Cities Network:
1. UNESCO designates the creative cities in 5 fields.
2. UNESCO Cr...
According to the Review of Maritime Transport 2023 by the UNCTAD in 2023, greenhouse gas (GHG) emissions from international shipping were ______ per cen...
Who overthrew the last Mamluk ruler Muiz ud din Qaiqabad, leading to the end of the Slave Dynasty in 1290?
Who became the first Indian to receive the prestigious 'Nelson Mandela Lifetime Achievement Award' from South Africa?
What was the theme for World Environment Day celebrated on June 5, 2024?
The UK has announced its decision to rejoin which EU's flagship scientific research scheme?
How many times has Prem Singh Tamang been sworn in as the Chief Minister of Sikkim as of his latest inauguration?
What is the name of the card recently launched by the State Bank of India to facilitate seamless and convenient customer commuting, allowing digital tic...
Which tributary of Alaknanda has its confluence at Karanprayag?