Framing

The aim of this dissertation, presented in Chapter 1, is threefold: (1) to give an overview of the most important developments of choice theories in which structuring of the choice situation takes a special place: the prospect theory (Kahneman & Tversky, 1979, 1984) and the discrimination model (Lindenberg, 1980, 1981, 1986, 1989a); (2) to determine the empirical validity of the prospect theory and the discrimination model as framing theories; (3) to compare the prospect theory with the discrimination model empirically on strategic elements in order to ascertain the possible advantages of the one to the other. ... Zie: Summary