Does Prospect Theory Work in Politics?

Authors

Brian Reed, Brigham Young University
Dr. Jeremy Pope, Brigham Young University

Keywords

prospect theory, politics, rational choice theory, human decision

College

Family, Home, and Social Sciences

Department

Political Science

Abstract

Here I present the results of an experiment designed to address our limited but critical understanding of decision making when faced with uncertainty, and specifically how individuals make such decisions when part of a group (or government). The purpose of this research is to determine whether individuals behave according to rational choice theory or prospect theory when faced with making an uncertain decision on behalf of a group.

Recommended Citation

Reed, Brian and Pope, Dr. Jeremy (2013) "Does Prospect Theory Work in Politics?," Journal of Undergraduate Research: Vol. 2013: Iss. 1, Article 408.
Available at: https://scholarsarchive.byu.edu/jur/vol2013/iss1/408