Former U.S.Defense Secretary William Cohen's statement,"The unrelenting flow of information,the need to digest it on a minute-by-minute basis,is quite different from anything I've experienced before....There's little time for contemplation;most of it is action," is representative of prospect theory.

Question

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Prospect theory deals with decision-making under risk and uncertainty, focusing on how people perceive gains and losses, not the overwhelming flow of information and the need for quick action.

Former USDefense Secretary William Cohen's Statement,"The Unrelenting Flow of Information,the Need