Hi Dear,”According to Tversky and Kahneman’s Prospect theory (1979) critically assess the extent to which Prospect Theory accurately captures a person’s attitude to risk.”To be perfectly honest, the essay question seems to be very easy however I was asked to write 1000 words about it only including no more than 3 references!My idea was to base the relevance of the above theory according to Value and Weighting function and to critically assess it giving 400 words each. Though don’t know really what I have to include in both theories as I have a very limited word limit and what is more, I will have to critically assess it then.
I hope you will be able to support me in this matter.
Best Regards