Understanding Risk: Kahneman's Insights on Choices and Behavior #LossAversion #FramingEffect

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Understanding Risk: Kahneman's Insights on Choices and Behavior #LossAversion #FramingEffect

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In Part 4, Kahneman introduces *prospect theory**, explaining how biases like **loss aversion**, **framing effects**, and the **endowment effect* cause people to deviate from rational decision-making, highlighting the emotional and cognitive factors that influence risk evaluation and reward.

#ProspectTheory #BehavioralEconomics #DecisionMaking #DanielKahneman #Psychology

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RYD date created : 2025-01-31T11:01:41.8033001Z
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daniel kahneman

thinking fast and slow

decision making

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