Prospect theory: An analysis of decision under risk

# Prospect theory: An analysis of decision under risk > OpenAlex Metadata Hub · https://openalex.org/W2133469585 ## Bibliographic - **DOI:** 10.1017/cbo9780511609220.014 - **Year:** 1988 - **Citations:** 33027 - **Open Access:** No (closed) - **License:** — - **Source:** https://doi.org/10.1017/cbo9780511609220.014 ## Authors - Daniel Kahneman - Amos Tversky ## Abstract Expected utility theory has dominated the analysis of decision making under risk. It has been generally accepted as a normative model of rational choice (Keeney and Raiffa, 1976), and widely applied as a descriptive model of economic behavior (e.g., Friedman and Savage, 1948, and Arrow, 1971). Thus, it is assumed that all reasonable people would wish to obey the axioms of the theory (von Neumann & Morgenstern, 1944, and Savage, 1954), and that most people actually do, most of the time. ## Keywords Axiom, Arrow, Normative, Expected utility hypothesis, Subjective expected utility, Mathematical economics, Decision theory, Von Neumann architecture, Von Neumann–Morgenstern utility theorem, Economics, Positive economics, Computer science, Epistemology, Microeconomics, Mathematics, Philosophy ## Concepts - Axiom - Arrow - Normative - Expected utility hypothesis - Subjective expected utility - Mathematical economics - Decision theory - Von Neumann architecture - Von Neumann–Morgenstern utility theorem - Economics - Positive economics - Computer science - Epistemology - Microeconomics - Mathematics - Philosophy - Operating system - Programming language - Geometry --- *Metadata only — full text not imported unless Open Access license permits.*

Bài “Prospect theory: An analysis of decision under risk” được TradingBase chuyển thành Knowledge Product cho trader — không phải trang đọc abstract OpenAlex. Tóm lược học thuật (đã diễn giải): Expected utility theory has dominated the analysis of decision making under risk. It has been generally accepted as a normative model of rational choice (Keeney and Raiffa, 1976), and widely applied as a descriptive model of economic behavior (e.g., Friedman and Savage, 1948, and Arrow, 1971). Thus, it is assumed that all reasonable people would wish to obey the axioms of the theory (von Neumann & Morgenstern, 1944, and Savage, 1954), and that most people actually do, most of the time. Phần Trading Insights bên dưới nối nghiên cứu với Forex, vàng, USD, lãi suất và risk regime — để bạn đưa vào journal và playbook. Metadata DOI/OA chỉ là rail tham chiếu; nội dung chính là summary, takeaways và ứng dụng thị trường do Content Factory sinh.