Home > Terms > Armenian (HY) > հեռանկարային տեսություն
հեռանկարային տեսություն
A theory of “irrational” economic behavior. Prospect theory holds that there are recurring biases driven by psychological factors that influence people’s choices under uncertainty. In particular, it assumes that people are more motivated by losses than by gains and as a result will devote more energy to avoiding loss than to achieving gain. The theory is based on the experimental work of two psychologists, Daniel Kahneman (who won a Nobel Prize for economics for it) and Amos Tversky (1937–96). It is an important component of behavioral economics.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: Sociology Category: General sociology
էլեկտրոնային առևտուր
Numerous ways that people with access to the Internet can do business from their computers.
Contributor
Featured blossaries
rufaro9102
0
Terms
41
Blossaries
4
Followers
The Vampire Diaries Characters
Category: Entertainment 2 13 Terms
Browers Terms By Category
- American culture(1308)
- Popular culture(211)
- General culture(150)
- People(80)
Culture(1749) Terms
- Manufactured fibers(1805)
- Fabric(212)
- Sewing(201)
- Fibers & stitching(53)
Textiles(2271) Terms
- Characters(952)
- Fighting games(83)
- Shmups(77)
- General gaming(72)
- MMO(70)
- Rhythm games(62)
Video games(1405) Terms
- Festivals(20)
- Religious holidays(17)
- National holidays(9)
- Observances(6)
- Unofficial holidays(6)
- International holidays(5)