Concepedia

Prospect Theory

Prospect Theory is a behavioral economic model of decision making under risk that posits individuals evaluate potential gains and losses relative to a reference point and exhibit loss aversion, diminishing sensitivity, and probability weighting, thereby departing from the assumptions of expected utility theory.

6.3K

Publications

662K

Citations

10.5K

Authors

2.6K

Institutions

Publications per year

2017–2026

1.4K

Parents

Children

Publications

6.3K

Prospect Theory: An Analysis of Decision under Risk

Daniel Kahneman, Amos Tversky · Econometrica · 1979 · 47K citations

, , +17

Advances in prospect theory: Cumulative representation of uncertainty

Amos Tversky, Daniel Kahneman · Journal of Risk and Uncertainty · 1992 · 15.6K citations

, , +13

Choices, values, and frames.

Daniel Kahneman, Amos Tversky · American Psychologist · 1984 · 6.5K citations

, , +16

Risk as feelings.

George Loewenstein, Elke U. Weber, Christopher K. Hsee · Psychological Bulletin · 2001 · 5.7K citations

, , +14

Cognitive Reflection and Decision Making

Shane Frederick · The Journal of Economic Perspectives · 2005 · 5.3K citations · Full text

, , +12

1–5 of 6.3K

Authors

10.5K

  1. GW
    Guiwu Wei

    Sichuan Normal University, China

    28 publications · 1.5K citations

    24

    h-index

  2. RH
    Ralph Hertwig

    Max Planck Institute for Human Development, Germany

    32 publications · 4.9K citations

    24

    h-index

  3. PP
    Peter P. Wakker

    Erasmus University Rotterdam, Netherlands

    30 publications · 6K citations

    24

    h-index

  4. EU
    Elke U. Weber

    Columbia University, United States

    26 publications · 10.9K citations

    22

    h-index

  5. GL
    George Loewenstein

    Carnegie Mellon University, United States

    21 publications · 12K citations

    21

    h-index

1–5 of 10.5K

Institutions

2.6K

  1. University of Chicago

    Chicago, United States

    53 h-index

    110 publications

    23.5K citations

  2. Stanford University

    Stanford, United States

    51 h-index

    107 publications

    41.8K citations

  3. Cornell University

    Ithaca, United States

    50 h-index

    120 publications

    23.2K citations

  4. University of Michigan

    Ann Arbor, United States

    50 h-index

    124 publications

    15.6K citations

  5. Duke University

    Durham, United States

    49 h-index

    150 publications

    20.4K citations

  6. New York University

    New York, United States

    46 h-index

    141 publications

    13.4K citations

  7. University College London

    London, United Kingdom

    45 h-index

    190 publications

    22.4K citations

  8. Princeton University

    Princeton, United States

    45 h-index

    105 publications

    13.7K citations

1–8 of 2.6K

Venues

  1. Management Science

    146 publications · 24.4K citations

    76

    h-index

  2. Organizational Behavior and Human Decision Processes

    115 publications · 13.2K citations

    62

    h-index

  3. Journal of Personality and Social Psychology

    107 publications · 21.4K citations

    55

    h-index

  4. Journal of Behavioral Decision Making

    161 publications · 10.5K citations

    54

    h-index

  5. SSRN Electronic Journal

    Repository · 311 publications · 12.9K citations

    54

    h-index

1–5