Compare and contrast prospect theory with expected utility theory. To what extent are the predictions of prospect theory consistent with evidence from the research literature?Discuss
Description Compare and contrast prospect theory with expected utility theory. To what extent are the predictions of prospect theory consistent with evidence from the research literature? extensive use of well labelled diagrams and their explanations their limitations and their impact in policy making implement these as evidences to support amongst others ; http://www.pitt.edu/~vester/EJ.pdf https://www.aeaweb.org/articles?id=10.1257/jep.27.1.173 https://www.aeaweb.org/articles?id=10.1257/jep.15.1.219 […]