KnowraProspect theoryLinked fromLinked fromThe 28 pages that link to Prospect theory, each with the reason it gives.All 28Broader topic 2Related 14Narrower topic 2Compared with 10UtilityCompared with: Its value function departs from expected-utility predictions in observed risky choices.Decision theoryCompared with: It explains systematic departures from expected-utility predictions.Expected utilityCompared with: It accounts for choice patterns that systematically depart from expected utility.Risk aversionCompared with: Its value function can produce risk aversion for gains and risk seeking for losses.Expected utility hypothesisCompared with: It explains patterns of risky choice that expected utility struggles to predict.Bayesian decision theoryCompared with: Its account of observed choices departs from expected-utility assumptions about preferences.Consumer choiceCompared with: Its reference dependence and loss aversion depart from standard utility maximization.Von Neumann–Morgenstern utility theoremCompared with: It explains systematic departures from expected utility, including responses to certainty and loss.NeuroeconomicsCompared with: Its departures from expected utility motivate neural studies of framing and loss sensitivity.Rational choice modelCompared with: It predicts systematic departures from expected-utility choice under risk.