Unrealistic optimism and decision making

One of the leading descriptive theories of decision-making under risk, Tversky & Kahneman's Prospect theory, reveals that normative explanation of decisionmaking, based only on principle of maximizing outcomes expected utility, is unsustainable. It also underlines the effect of alternat...

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Bibliographic Details
Main Authors: Božović Bojana, Gvozdenović Vasilije
Format: Article
Language:English
Published: Drustvo Psihologa Srbije 2009-01-01
Series:Psihologija
Subjects:
Online Access:http://www.doiserbia.nb.rs/img/doi/0048-5705/2009/0048-57050904567B.pdf