<p>A good place to start would be the book <em>Prospect Theory: For Risk and Ambiguity</em>, by Peter Wakker (2010, Cambridge University Press).  There is an entire area of economic theory called <em>decision theory</em> which studies models of decision making under uncertainty --typically, models which deviate from the classical expected utility maximization model in some way.  Decision theory involves both theoretical results and experimental tests.  Prospect theory is only one among many models that decision theorists consider.</p>

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2018-11-26T13:02:31.767Z
2018-11-26T13:02:31.767Z
Marcus Pivato
<p>Kahneman and Tversky's prospect theory, which they developed to contradict expected utility theory, is obviously an interesting result. </p>

<p>But, after their experiments has anyone tried to completement the theory? Or to contradict it?</p>

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2018-11-23T20:26:51.733Z
Have you tried [googling](https://scholar.google.com/scholar?q=prospect+theory&hl=en&as_sdt=0%2C5&as_ylo=2000&as_yhi=2017) it?
Giskard
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2018-11-23T20:36:36.333Z
Yes, but I know here there are a lot of people who study those things and maybe I could receive some interesting hints on what to look for
plastico
<utility><expected-utility><theory><experimental-economics>
Theories that complement/contradict prospect theory?
plastico
# Theories that complement/contradict prospect theory?

(Asked by: username_0 on 2018-11-23)

Kahneman and Tversky's prospect theory, which they developed to contradict expected utility theory, is obviously an interesting result.

But, after their experiments has anyone tried to completement the theory? Or to contradict it?

**Tags:** utility, expected-utility, theory, experimental-economics

> **Comments:**
> **username_1**: Have you tried [googling](https://scholar.google.com/scholar?q=prospect+theory&hl=en&as_sdt=0%2C5&as_ylo=2000&as_yhi=2017) it?  
> **username_0**: Yes, but I know here there are a lot of people who study those things and maybe I could receive some interesting hints on what to look for  

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## 1 answers

### Answer by username_2 on 2018-11-26. Score: 3

A good place to start would be the book *Prospect Theory: For Risk and Ambiguity*, by Peter Wakker (2010, Cambridge University Press). There is an entire area of economic theory called *decision theory* which studies models of decision making under uncertainty --typically, models which deviate from the classical expected utility maximization model in some way. Decision theory involves both theoretical results and experimental tests. Prospect theory is only one among many models that decision theorists consider.


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