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There was a belief in economics that people's economic decisions were always carefully calculated and rational. Today, it is widely known that in fact during most decision-making processes, people are mainly guided by emotions. What is prospect theory? The certainty effect Reflection effect Isolation effect The stronger effect Use of prospect theory – examples Prospect theory - summary This is exactly what prospect theory is about, and in this article we will show you how you can use it to create your offer and. marketing communications.
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There was a belief in economics that people's economic decisions were always carefully calculated and rational. Today, it is widely known that in fact during most decision-making processes, people are mainly guided by emotions. What is prospect theory? The certainty effect Reflection effect Isolation effect The stronger effect Use of prospect theory – examples Prospect theory - summary This is exactly what prospect theory is about, and in this article we will show you how you can use it to create your offer and. marketing communications.