Keywords

#certainty_effect

Certainty effect

Psychological effect

The certainty effect is the psychological effect resulting from the reduction of probability from certain to probable. It is an idea introduced in prospect theory.

Thu 23rd

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Certainty effect Allais paradox Pseudocertainty effect Framing effect (psychology) Prospect theory Risk aversion Legal certainty Substantial certainty doctrine List of cognitive biases Butterfly effect in popular culture
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