What Is Tiger Woods Loss Averse?

Decent Essays
2. Knowledge about variation
3. Theory of knowledge
4. Psychology
The rest of the paper is organized in the following way: Section 2 provides information on Prospect Theory and System of Profound Knowledge. Section 3 discusses how “Is Tiger Woods Loss Averse? Persistent Bias in the Face of Experience, Competition, and High Stakes” exhibits Profound Knowledge. Section 4 confers to the learning from analysis and in section 5 end the paper with the conclusion.
2.1. Prospect Theory
Prospect theory proposed in (Kahneman and Tyersky, 1979) discusses the way people behave when they have to take a decision from the probabilistic alternatives that involves risk. Investopedia defines prospect theory as people’s different assessment of gains and losses

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