exogenous uncertainty, which can be analyzed with decision theory. It employs traditional economics as a nor! mative benchmark …-making to be a problem of strategic interaction, in which the uncertainty is endogenous. Its main tool is game theory. It …

The origin of prospect theory is the desire to test the intuitive statistician in the real world. The development of … this theory by the cognitive psychologists Kahneman and Tversky can be traced to the former's work in cognitive … psychophysics, in which deviations from average behavior are termed (statistical) errors; and the latter's work on decision theory …

Biases theory of Kahneman and Tversky. It is proposed that Gigerenzer's work can be both thematically and chronologically …