Posts Tagged ‘PROSPECT THEORY’
Financial Services, Gambling, & Behavioral Economics: Busting The Myth Of Consumer Rationality
Tuesday, June 12, 2012, 7:58 am 8 CommentsWhat does the evidence from experiments in behavioural economics and neuroscience indicate about rational decision making in the face of risk and uncertainty? Are consumers’ really discreet, self-determining individuals who make considered, rational decisions? This view increasingly looks misguided and is probably a fallacy created by our own minds to make us feel in control of our behaviour. Continue reading




































