Lieven Baele, Joost Driessen, Sebastian Ebert, Juan M. Londono, Oliver G. Spalt, Cumulative Prospect Theory, Option Returns, and the Variance Premium, The Review of ...

International relations theorists have tried to adapt prospect theory to make it relevant to the study of real-world decision-making and testable beyond the constraints of the laboratory. Three ...

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 ...

For example, prospect theory has been used in a way that manipulates how individuals would respond to public health messages (i.e., through framing the message in a positive way in order to alter ...

Prospect theory has emerged as a pivotal framework in understanding travel choice behaviour under uncertainty, offering a nuanced perspective that diverges from traditional expected utility theory.