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Thinking Fast and Slow
Chapters

11. Foundations: Introducing System 1 and System 2

22. Heuristics: Mental Shortcuts and Their Power

33. Biases: Systematic Errors in Judgment

44. Prospect Theory and Risky Choices

Prospect Theory: Key ConceptsReference Points: Gains vs. LossesDiminishing Sensitivity of ValueProbability Weighting: Overweighting Small OddsLoss Aversion in Financial DecisionsFraming Effects: Same Facts, Different ChoicesApplications to Insurance and GamblingRisk-Seeking and Risk-Averse PatternsExperiments That Reveal Prospect PatternsDesigning Better Choice Architectures

55. Statistical Thinking and Regression to the Mean

66. Confidence, Intuition, and Expert Judgment

77. Emotion, Morality, and Social Cognition

88. Choice Architecture and Nudge Design

Courses/Thinking Fast and Slow/4. Prospect Theory and Risky Choices

4. Prospect Theory and Risky Choices

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Introduce prospect theory's value function and probability weighting, demonstrating why people value gains and losses asymmetrically.

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Risk-Seeking and Risk-Averse Patterns

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