Prospect Theory Flashcards

1
Q

High probability framing is also called _____

A

Certainly effect

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Low Probablity framing is also called ______

A

Possibility effect

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

gain/loss framing of messages (Nabi et al., 2018), which is rooted in ______

A

Kahneman and Tversky’s

prospect theory.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Kahnenman and Tversky’s evolved prospect theory in year _____

A

1979

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

According to prospect theory, people process messages in terms of ___________

A

possible gains or losses

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

According to prospect theory people are _______ when potential gains are involved

A

Risk Averse

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

According to prospect theory, people are _______wen losses are involved

A

Risk-taking

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Studies suggest that climate change issues people feel___________

A

Pessimistic, Disempowered, Learned helplessness.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Certaintly effect refers to _____

A

High probability framing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Possibility effect refers to

A

Low Probability framing.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly