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Prospect Theory
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International and Foreign Policy research papers
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7 pages in length. The quest for global peace resides at the very basis of international relations; without some semblance of theoretic order, such relations would not only fail to reach their objectives, but the entire global dynamics would be rendered ungoverned. International relations require a significant amount of political reciprocation in order for nations, also termed actors, to rise to the expected level of participation. Orchestrating these sometimes-precarious actions are theories that help – and sometimes hinder – the overall process of communication. Prospect theory is one that possesses a descriptive rather than prescriptive composition, in that it explains several phenomena observed in experiments and in life. Clearly, the very foundation of prospect theory revolves around risk factors and the potential outcome of a particular action. Bibliography lists 8 sources.
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Pages:
7
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Filename:LM1_TLCprosp.wps |
Paper Title:
Prospect Theory
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