What theory did Daniel Kahneman develop?
Relativity Theory
Quantum Theory
Prospect Theory
Chaos Theory
Answer
Prospect Theory is a behavioral economics theory that describes how humans make decisions under risk. It is based on the idea that people evaluate outcomes in terms of gains and losses, rather than absolute values. This means that people are more likely to take risks when they are facing a loss, and less likely to take risks when they are facing a gain.
Cracking the Mind: The Daniel Kahneman Quiz
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