Abstract
Prospect theory (PT) is a Nobel-prize winning behavioral economic theory proposed by Daniel Kahneman and Amos Tversky. It explains the decisions among alternatives under uncertainty by taking into account the human psychology. It generalizes the expected utility theory (EUT), which fails to explain a collection of observations involving risky choices.
| Original language | English |
|---|---|
| Title of host publication | Encyclopedia of Wireless Networks |
| Editors | Xuemin (Sherman) Shen, Xiaodong Lin, Kuan Zhang |
| Publisher | Springer, Cham |
| Pages | 1112-1116 |
| Edition | 2020 |
| ISBN (Electronic) | 978-3-319-78262-1 |
| ISBN (Print) | 978-3-319-78261-4 |
| DOIs | |
| Publication status | Published - 2020 |
| Externally published | Yes |
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