Are You Sure That Wasn't Let's Make a Deal?

There's this idea known as choice theory. How do people make choices? In 19 79, daniel canaman and amos tversky wrote a paper in econometric on prospect theory. This is o whi its academic cause. And i've heard some people who should know better make these generalizations around how prospect theory applies to sales. I want to clear it up.

Transcript

Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.