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Listen "25. Prospect Theory"
Episode Synopsis
In this episode, Garima and Nandini talk about one of the most influential frameworks to ever exist in behavioral science, i.e. Prospect Theory. Through real-life examples, they defog the ideas that lie behind the decision-making processes under situations involving risk and uncertainty. Tune in to find out how people perceive gains and losses differently and why they throw their rational thoughts out the window in risky conditions.
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