6 ms·
I think their experiment may be an example of prospect theory in action. And relative utilities/loss aversion. http://en.m.wikipedia.org/wiki/Prospect_theory h
by jrn 13y ago
I think their experiment may be an example of prospect theory in action. And relative utilities/loss aversion.
http://en.m.wikipedia.org/wiki/Prospect_theory http://en.m.wikipedia.org/wiki/Prospect_theory