Construct · 1 fields · 1 citations

prospect relativity: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
prospectrelativity1 CONSTRUCTProspect relativitySTEWART · JUDGMENT AND

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Judgment and decision making

the finding that the certainty equivalents people give for a gamble shift with the set of options offered, so risky values are judged relative to context.

In judgment and decision making, prospect relativity refers to the finding that the certainty equivalents people give for a gamble shift with the set of options offered, so risky values are judged relative to context. This meaning comes from Stewart (2003) in Journal of Experimental Psychology: General.[1]

Unit
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Measured by

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Nearby constructs

context4 fields · 7 citationsjingle · one word, four constructsjudgment2 fields · 4 citationsjingle · one word, two constructsprospect1 fields · 1 citationsanchor · a standalone construct

References

  1. Stewart, N., Chater, N., Stott, H. P., & Reimers, S. (2003). Prospect relativity: How choice options influence decision under risk. Journal of Experimental Psychology: General, 132(1), 23-46. https://doi.org/10.1037/0096-3445.132.1.23

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