Talk:Prospect theory
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Is there a reason this article has been removed? Dieter Simon 23:30 12 Jun 2003 (UTC)
I've removed this dead link
we need something good to replace it TitaniumDreads 14:15, 9 Jun 2005 (UTC)
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[edit] criticisms of prospect theory
The status quo criticisms of prospect theory from economists are much less interesting than those leveled by people like Gerd Gigerenzer. I'm definitely a neophyte with this, but would be curious to know wether or not he's a lone wolf in this regard. The little I've read by him seems fairly sophisticated and on the mark.
- I'm unfamiliar with his work, but feel free to add what you know. I hope he's not attacking straw men, though, Tversky and co. don't say that biases are necessarily sub-optimal, they just identify that decisions aren't made in the way a rational caluclating machine (homo economicus) would. Psychobabble 01:58, 20 October 2005 (UTC)
- Don't worry, he's more like a lone wolf (but with a big working group) who tries to prove that only simple models can explain the world ('fast and frugal'). Economists don't notice him much.
[edit] Picture
Can whoever made the picture fix that line so that it is smooth? I know it's a small matter, but it's just not aesthetically pleasing. thank you! 70.111.248.60 02:26, 19 April 2006 (UTC)
[edit] Another good source
It's been suggested this source is a better introduction to the subject. http://www.econport.org/econport/request?page=man_ru_advanced_prospect Mathiastck 23:39, 14 August 2006 (UTC)
- Looks like a nice introduction to this topic. However, it mentions a couple of effects that are not that closely related to Prospect Theory and omits some points. Something in this style would also be too lengthy for a wikipedia entry, I think. Nevertheless, I will add a link to this page, since it is a very useful resource by itself! Rieger 18:11, 15 August 2006 (UTC)
[edit] Can anyone make this article understandable?
I am totally lost basically at every word. I dont understand at all what it is even about. Is there some real life implications? It was about society after all (right?). Considering that it is supposed to be quite important I guess it would be nice if even non-scientists could get a introduction. Or perhaps a real world example could help? --Thomas 02:57, 13 February 2007 (UTC)
- Well, I could give it a try, e.g. by adding some more fluff at the beginning, but please promise to give some further input, once I am donw with my improvements... Rieger 05:30, 19 February 2007 (UTC)
- Done, hope it is a little better now... However, the article needs some more attention: There are many repetitions, complicated wording, it's fuzzy towards the end, many interesting things are missing, the references are assorted etc. Would be nice at least to explain the four-fold pattern of risk-attitudes, for instance! If I just had more time! Maybe somebody can help? :( Rieger 05:53, 19 February 2007 (UTC)
- Added a little bit more. Maybe somebody can improve my bad writing a little? If I had more time, I would also add a table for the four-fold pattern of risk-attitudes... Rieger 20:45, 23 February 2007 (UTC)
