In kahneman and tversky's prospect theory, they hypothesized that people tend to _ low-probability outcomes and _ high-p

Question

ioda

3 years ago

7

In kahneman and tversky's prospect theory, they hypothesized that people tend to _ low-probability outcomes and _ high-p

robability outcomes.

Mathematics

2 answers:

JulijaS [17] · Answer 1 · 2022-02-08T23:09:12+03:00

Answer:

Overweight low probability outcomes

UNderweight High probability outcomes.

Step-by-step explanation:

Amos Tversky and Daniel Kahneman proposed the prospect theory that aimed to explain and understand the behavior of individuals, giving them a sample of choices to take, when put in front to the different decisions that had to be made, people often valued chances that were 99% probable to happen with a 95 to 85% chance, meaning that the didn´t give enough credit to the number and probabilities, and when facing risks of 1% probability of happening, they outweigh them with a 5 to 15 %.

Anna [14] · Answer 2 · 2022-02-08T22:07:32+03:00

Anna [14]3 years ago

5 0

People tend to overweight low-probability outcomes and underweight high-probability outcomes.

In kahneman and tversky's prospect theory, they hypothesized that people tend to _____ low-probability outcomes and _____ high-p

In kahneman and tversky's prospect theory, they hypothesized that people tend to _ low-probability outcomes and _ high-p