Economics Stack Exchange Archive

Can prospect theory explains NLP reframing

posted by: Jim Thio on 2012-03-30
tagged: utility-function, marginal-utility
score: -4

I want math explanation of common NLP claims. One of them is the idea that if you change your expectation you change your fortune. It’s in most success seminars.

Prospect theory says that if you change your expectation you change your utility function, your preference, your action, and hence, of course, your fortune. I want to see if this can be explained more “nerdily.”

http://en.wikipedia.org/wiki/Prospect_theory

enter image description here

No Answers

There were no answers to this question.

All content is licensed under CC BY-SA 3.0.