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Daniel Kahneman won 2002 Nobel Memorial Prize in Economics for his work developing prospect theory. You are required to analyse key concepts of prospect theory.

Daniel Kahneman won 2002 Nobel Memorial Prize in Economics for his work developing prospect theory. You are required to analyse key concepts of prospect theory. Then, discuss its importance as a pillar in behavioral finance.

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Prospect theory developed by Daniel Kahneman and Amos Tversky is a fundamental concept in the field of behavioral economics and finance This theory revolutionized our understanding of how people make ... blur-text-image

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