More cards in this set

Card 6

Front

Loss Aversion

Back

Card 7

Front

Certainty Effects

Back

Card 8

Front

Risky Losses

Back

Card 9

Front

Prospect Theory

Back

Card 10

Front

Loss Aversion

Back

Card 11

Front

Tversky & Kahneman (1981)

Back

Card 12

Front

McNeil et al. (1982) Choosing Medical Treatment

Back

Card 13

Front

Framing Effects and Preference Reversals

Back

Card 14

Front

three plants need to be closed and 6000 employees laid off. The vice-president of production has been exploring alternative ways to avoid this crisis. She has developed two plans

Back

Card 15

Front

Differently framed (Bazerman, 1982):