A new global study offers a powerful confirmation of one of the most influential frameworks in all of behavioral sciences and behavioral economics: prospect theory, which when introduced in 1979 led ...

Earlier this month, NPR’s Shankar Vedantam floated the idea that something called "prospect theory" could explain Russian President Vladimir Putin’s invasion of Crimea. A behavioral economic model ...

In Part 2 of this three-part series we'll cover a topic called Prospect Theory. This theory essentially builds on behavioral finance and dives even deeper into the psychology of why people tend not to ...

“PROSPECT theory” is an important contribution to the study of economics. It challenges some of the fundamental assumptions that economists have made concerning human behaviour. Daniel Kahneman, one ...

Based on thousands of citation records from Thomson Reuters, this chart shows the scholarly influence of “Prospect Theory: An Analysis of Decision Under Risk,” written by Daniel Kahneman and Amos ...

Over the past few weeks, software problems have been brought to the forefront of the public consciousness. In March, for instance, software problems left Greggs, Sainsbury's, Tesco and McDonald's ...

Why do we have cluttered closets, kitchen drawers, or stacks of untouched supplies in our office? It is easy to accumulate things, but so hard to then get rid of them. One explanation is that we feel ...