All of the following are one of the three components of prospect theory proposed by Khaneman and Tversky EXCEPT:
A) Editing
B) Coding.
C) Probability Weighting.
D) Value Function.

Question

Quizplus · Accepted Answer

Prospect theory, developed by Daniel Kahneman and Amos Tversky, includes three main components: editing, probability weighting, and the value function. "Coding" is not one of the components; instead, the correct term related to how outcomes are perceived relative to a reference point is "value function."

All of the Following Are One of the Three Components