Prospect Theory on “Academic Papers That Wrecked My Head”, a list by Colm Heneghan on TheLysts.

Details

Photo
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Name
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Title
Prospect Theory: An Analysis of Decision under Risk
Author
Daniel Kahneman and Amos Tversky
Field
Behavioural Economics
Year
1979
Why It Matters
Explains why losing a tenner hurts more than finding one feels good
Difficulty
Hard
Best Read With
Your bank app closed, for your own sanity
My Take
Explained my own bad betting habits back to me, thanks lads