Which of the following theory presents how people take decision when presented with alternatives that involve risk, probability, anduncertainty?
The Prospect theory was introduced by two psychologists, Daniel Kahneman, and Amos Tversky. As per the theory, given the choice of equal probabilities, most people would choose to retain the wealth that they already have, rather than risk the chance to increase their current wealth. People are usually averse to the possibility of losing, such that they would rather avoid a loss rather than take a risk to make an equivalent gain. It is a psychology theory that describes how people make decisions when presented with alternatives that involve risk, probability, anduncertainty. It holds that people make decisions based on perceived losses or gains.
Read the given statement and conclusions carefully. Decide which of the given conclusions is/are true based on the statement.
Statement:
Â...
In a certain code language, 'STATE' is written as '38401405' and 'EXILE' is written as 5489245'.How will ‘ARENA’ be written in that language?
Seven people A, B, C, D, E, F and G went to watch a movie. A is the only son of B. B is the mother of C. D is the grandmother of A. E is the sister-in-...
Select the option that is related to the fifth letter-cluster in the same way as the fourth letter-cluster is related to the third letter-cluster and th...
Which of the following numbers will replace the question mark (?) in the given series?
68, 77, 89, 105, ?, 153
A question is given, followed by three statements labelled I, II and III. Identify which of the statements is/are sufficient to answer the question.
...From the given answer figures, select the one in which the question figure is hidden/embedded.
Select the option that is related to the third term in the same way as the second term is related to the first term.
Srilanka : Island :: India : ?
Identify the figure that will complete the following pattern.
In a certain code language, 'CATHOLIC' is written as '79', 'AUDIENCE' is written as '70', how will 'ASSEMBLY' be written in that language?