Prospect Theory Medical Decision Making

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A cumulative prospect theory-based method for group …

https://bmcmedinformdecismak.biomedcentral.com/articles/10.1186/s12911-022-01867-w

To solve the group medical decision-making problem, a corresponding procedure is analyzed, as illustrated in Fig. 1. In step 1, a group of experts (physicians) and the criteria are determined. Then, in step 2, given a set of feasible emergency responses, …

Prospect theory, reference points, and health decisions

https://www.cambridge.org/core/journals/judgment-and-decision-making/article/prospect-theory-reference-points-and-health-decisions/7D7BD04C9F50AC231F55FDE7357F1C43

The prospect theory value function implies two ways that changes in reference points can result in a better evaluation of the anticipated experience of a …

Prospect Theory: How Users Make Decisions - Simply …

https://www.simplypsychology.org/prospect-theory.html

Prospect theory, originally developed by Amos Tversky and Daniel Kahneman in 1979, is a psychological theory of choice. It describes how people evaluate …

Health values and prospect theory - PubMed

https://pubmed.ncbi.nlm.nih.gov/10424841/

Experimental data suggest that people value health in complex and dynamic ways. Prospect theory is a descriptive theory of choice that may accurately characterize how …

Framing Effect - Simply Psychology

https://www.simplypsychology.org/framing-effect.html

Prospect Theory Essential to a deeper understanding of the framing effect is the prospect theory. The prospect theory, originally developed by Amos Tversky and …

Prospect Theory: An Analysis of Decision under Risk

http://web.mit.edu/curhan/www/docs/Articles/15341_Readings/Behavioral_Decision_Theory/Kahneman_Tversky_1979_Prospect_theory.pdf

PROSPECT THEORY: AN ANALYSIS OF DECISION UNDER RISK BY DANIEL KAHNEMAN AND AMOS TVERSKY' This paper presents a critique of expected utility …

ProspectTheory - University of Michigan Press

https://www.press.umich.edu/pdf/0472108670-02.pdf

Prospect theory is a theory of decision making under conditions of risk. Decisions are based on judgments. Judgments are assessments about the external state of the world. …

Understanding choice: why physicians should learn …

https://pubmed.ncbi.nlm.nih.gov/24519293/

1Department of Medicine, University of Toronto, Toronto, Ontario, Canada. 2Department of Medicine, University of Toronto, Toronto, Ontario, …

Prospect Theory: What It Is and How It Works, With …

https://www.investopedia.com/terms/p/prospecttheory.asp

Prospect theory is part of the behavioral economic subgroup. It describes how individuals make decisions between alternatives where risk is involved and the …

Prospect theory | psychology | Britannica

https://www.britannica.com/topic/prospect-theory

decision making prospect theory, also called loss-aversion theory, psychological theory of decision-making under conditions of risk, which was developed by psychologists …

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