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
(i) The Constitution (Sixty-first Amendment) Act, 1989 has __________ the voting age from 21 years to 18 years for the Lok Sabha and the Legislative Ass...
Made _________ teak, these bungalows were built over two centuries ___________ and were homes of the East Indian community.
It is a ……….. that a case of proven misbehaviour did not attract the ……….. of the political class, which alone can ………… impeachment...
To ………… 156th birth anniversary of Rabindranath Tagore, the singer ………. the audience with her ………. performance at the Au...
It would be a sad day if another PT Usha were to go on to _________ losing a sporting medal to unhygienic food.
Spinning and weaving exploded _______ to big garment factories, dyeing ______ the rivers and water table with chemicals.
Select the most appropriate option to fill in the blank.
He would always be late with submissions because he would ______ whatever he was suppo...
Google is wooing some of the world’s hottest start-ups to sell its cloud computing technology. These include ventures that send satellites into th...
The law actually _____ the practice of child labour_____ specifying (certain) works for which children below 14 years of age can ...
After a large scale rejig of his council of ministers, Prime Minister Narendra Modi __________ some changes in Cabinet committees to ____________ the c...