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Human Behavior Through The Lens Term Paper

From issues mundane to issues involving the survival of humankind itself, Prospect Theory helps people to analyze the way they analyze the world in order to come up with a much better understanding of the potential risks and outcomes they are faced with. The assignment of value within the decisions and outcomes has a bearing on the decisions themselves, and as each group of people assigns certain value to both the specific, shorter-term outcomes as well as the aggregate outcomes, the decisions and the human decision making process becomes much more complex. References

Holyoak, Keith...

"Problem Solving." In Smith, Edward E. And Daniel N. Osherson. Thinking,
an Invitation to Cognitive Science. (2nd ed.) pp. 267-296. London: MIT Press, 2004. Print.

Tversky, Amos and Daniel Kahneman. "Advances in prospect theory: Cumulative representation of uncertainty." Journal of Risk and Uncertainty, Vol. 5, No. 4. Pp. 297-323. Print.

Markman, Arthur B. And Douglas L. Medin. "What is Decision Making?" In Decision Making,

Stevens Handbook of Experimental Psychology (3rd ed.), Volume 2. pp. 413-466. New York: John Wiley and Sons, 2002. Print.

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References

Holyoak, Keith J. "Problem Solving." In Smith, Edward E. And Daniel N. Osherson. Thinking,

an Invitation to Cognitive Science. (2nd ed.) pp. 267-296. London: MIT Press, 2004. Print.

Tversky, Amos and Daniel Kahneman. "Advances in prospect theory: Cumulative representation of uncertainty." Journal of Risk and Uncertainty, Vol. 5, No. 4. Pp. 297-323. Print.

Markman, Arthur B. And Douglas L. Medin. "What is Decision Making?" In Decision Making,
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