Why do Kahneman and Tversky regard prospect theory (1979) as fundamentally different and superior to the bounded

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Why do Kahneman and Tversky regard prospect theory (1979) as fundamentally different and superior to the bounded rationality approach of Simon (1987b)?

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Behavioral Finance

ISBN: 9780190868741

1st Edition

Authors: H. Kent Baker, Greg Filbeck, John R. Nofsinger

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