Foundational Literature · 1979

Questions of This Material

Could judgment differ depending on framing and the reference point, even for essentially the same choice?

Bibliographic Information

Title
Prospect Theory: An Analysis of Decision under Risk
Author
Daniel Kahneman·Amos Tversky
Year of Publication
1979
Publisher/Medium
Econometrica 47(2)
Material Type
Foundational literature
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Korean Reading Guide

Read choices under risk from the perspectives of reference points, gains and losses, and probability weighting. Reflect also on the verification required when applying observed choices in certain situations to other policy environments.

Editorial notes for material exploration. Please confirm the author’s abstract and full discussion in the linked publishing agency materials.

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