Which psychological theory explains how people make decisions and choices?

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asked Jan 13 in Psychology by GaryLilley6 (510 points)

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answered Jan 13 by CaridadScott (350 points)

The psychological theory that explains how people make decisions and choices is prospect theory, which was proposed by Daniel Kahneman and Amos Tversky.

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Which psychological theory explains how people make decisions and choices?

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