Prospect Theory: An Analysis of Decision under Risk, published in 1979 by Daniel Kahneman and Amos Tversky in the journal Econometrica, is the founding text of behavioral economics. The paper documented systematic and predictable ways that real decision makers depart from strict rational choice, particularly in how they weigh potential losses more heavily than equivalent gains and how they misjudge probability under uncertainty.
Facts
AuthorDaniel Kahneman and Amos Tversky
Publication Year1979
Source Typeprimary-text
Sources
Prospect Theory: An Analysis of Decision under Risk
Daniel Kahneman and Amos Tversky, 1979
Claims Backed By This Source (33 claims)
This source backs 33 claims across the atlas. As facts: 20 well-attested. As cited relationships: 4 holds, 2 connected. Plus 7 entities citing it as a general reference with no single fact or relationship attached.
Disposition By Topic
- Articles, 14 claims: 8 well-attested, 2 connected, 4 general references.
- Concepts, 8 claims: 4 well-attested, 3 holds, 1 general references.
- Economists, 6 claims: 4 well-attested, 1 holds, 1 general references.
- Sources, 4 claims: 4 well-attested.
- Schools of Thought, 1 claims: 1 general references.
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