Decision weighting according to Kahneman

Let's play a game called "Would you Rather?" Would you rather have... A) a 90% chance at winning $1000; orB) $900 guaranteed? Most people choose option B with little hesitation. It has the same expected value (= probability × prize) as option A, but more certainty. There's no FOMO (fear of missing out); there's no… Continue reading Decision weighting according to Kahneman