Prospect theory and intertemporal choice
5 important questions on Prospect theory and intertemporal choice
How do you call the effect that explains that people react more positive or negative depending on how something is explained?
How do you call the phenomenon that explains that disadvantages are more salient than equivalent advantages?
How do you call the effect that explains that sellers are valuing a good higher then buyers do?
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How do you call the effect that explains why people stick to their decisions because they already invested in it despite that it might be better to back out?
How do you call the effect that explains that people evaluate losses and gains differently but also present and future?
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