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- Cumulative Prospect Theory: Understanding the intricacies of the advanced Cumulative Prospect Theory model, including how it accounts for probability weighting and loss aversion at different levels of decision-making.
- Dual-System Theory: Exploring the dual-system approach that combines intuitive and analytical thinking processes, and its influence on decision-making under uncertainty.
- Mental Accounting: Delving deep into how people categorize and treat different gains and losses separately, impacting their decisions and choices.
- Reference Point Adaptation: Explaining how individuals adjust their reference points over time, affecting their perception of gains and losses, and its implications for decision-making.
- Framing Effects and Asymmetric Responses: Analyzing how the presentation of information (positive or negative framing) affects decision-making, and explaining the phenomena of risk aversion for gains and risk-seeking behavior for losses.
- Prospect Theory Applications: Applying Prospect Theory to real-world scenarios such as financial investments, consumer behavior, and public policy, and analyzing the deviations from rational decision-making.
- Loss Aversion in Investment: Elaborating on how loss aversion influences investors' decisions, causing them to hold onto losing investments for longer periods and the subsequent impact on portfolio management.
- Prospect Theory vs. Expected Utility Theory: Providing a comprehensive comparison between these two theories, highlighting the strengths and limitations of each in explaining decision-making behaviors.
