Theory Database (prototype)

Theory 48: Prospect theory

Number of Constructs: 19
Number of Triples: 23

Theory triples

• Prospect transitions to Edited prospects
• Certainty effect influences Decision weights
• Edited prospects influences Decision weights
• Edited prospects influences Subjective values
• Editing phase influences the 'Prospect' to 'Edited prospects' Transitions to relationship
• Coding type of Edited prospects
• Gains type of Edited prospects
• Losses type of Edited prospects
• Reference point influences (*) Coding
• Prospect influences (*) Coding
• Segregation part of Editing phase
• Certainty effect part of Editing phase
• Isolation effect part of Editing phase
• Detection of dominance part of Editing phase
• Simplification part of Editing phase
• Cancellation part of Editing phase
• Coding part of Editing phase
• Combination part of Editing phase
• Possibility effect part of Editing phase
• Decision weights influences (*) Choice / behaviour
• Subjective values influences (*) Choice / behaviour
• Decision weights part of Evaluation phase
• Subjective values part of Evaluation phase

Theory illustration

Theory Reference

• Kahneman, D & Tversky, A. (1979). Prospect theory. An analysis of decision under risk. Econometrica, 47(2), 263-292.