Nobel Prize winning professor of psychology Daniel Kahneman talks about the way people make decisions in the face of uncertainty. Dr. Kahneman explains that gambles have traditionally been described in terms of how much money will be won or lost, depending on the outcome of the gambling decision. He adds that this analysis has its origins in utility theory, which was developed in the 18th century.

Psychology Collection

psychology, gambles, mathematical psychology, decision-making, uncertainty, preferences, utility theory, decisions, Psychology

Introduction to Psychology, Cognitive Psychology, Inside Out

Kahneman, Ph.D., Daniel (Performer), INTELECOM Intelligent Telecommunications (Firm)

00:01:39 (HH:MM:SS)

English

Name	INTELECOM Intelligent Telecommunications
Role	Distributor
Telephone	800-576-2988 x122
Address	150 E. Colorado Blvd. Ste. 300, Pasadena, CA 91105
Email	[email protected]

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