Salman Ansari: The problems of 'gamble theory' in attitude to risk tools

'Gamble theory'

Salman Ansari: The problems of 'gamble theory' in attitude to risk tools

Since its publication, prospect theory has showed no signs of losing its appeal. Salman Ansari takes a look at how the 40-year-old could lose its shine with the advent of younger risk tools

It has been more than 40 years since the publication of Daniel Kahneman and Amos Tversky's Nobel prize-winning work on prospect theory. But prospect theory is one 40-year-old for whom time has not taken...

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