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Hi Dear, "According to Tversky and Kahneman's Prospect theory (1979) critically assess the extent to which Prospect Theory accurately captures a...
Hi Dear,"According to Tversky and Kahneman's Prospect theory (1979) critically assess the extent to which Prospect Theory accurately captures a person's attitude to risk."To be perfectly honest, the essay question seems to be very easy however I was asked to write 1000 words about it only including no more than 3 references!My idea was to base the relevance of the above theory according to Value and Weighting function and to critically assess it giving 400 words each. Though don't know really what I have to include in both theories as I have a very limited word limit and what is more, I will have to critically assess it then.
I hope you will be able to support me in this matter.
Best Regards