Prospect theory [1, 2, 3] has perhaps been one of the most influential theories within psychology and behavioral economics. Daniel Kahneman won the Nobel prize for this work. Prospect theory and ...

Prospect theory has emerged as a pivotal framework in understanding travel choice behaviour under uncertainty, offering a nuanced perspective that diverges from traditional expected utility theory.

Why do we have cluttered closets, kitchen drawers, or stacks of untouched supplies in our office? It is easy to accumulate things, but so hard to then get rid of them. One explanation is that we feel ...