Daniel A. Kahneman's research while affiliated with Princeton University and other places

Publication (1)

Article
Analysis of decision making under risk has been dominated by expected utility theory, which generally accounts for people's actions. Presents a critique of expected utility theory as a descriptive model of decision making under risk, and argues that common forms of utility theory are not adequate, and proposes an alternative theory of choice under...

Citations

... These adjacent variables affect people's quality of life beyond economics, such as improved health and status in society, among many others. The opportunity-cost framework is well supported by theories such as the 'loss-aversion theory' in economics, which refers to individuals' preference to avoid the risk of losses over acquiring equivalent gains (Kahneman and Tversky 1979 Figure 1. Probability of PVJ according to education level and contextual poverty (country-level) with 95% CI ...