The Psychology of Risk and Reward: Prospect Theory Explained

Prospect theory is a behavioral economics theory that describes how people make decisions under uncertainty.

In this video, I'll explain the key concepts of prospect theory in a fun and easy way. You'll learn about reference points, loss aversion, framing, and other concepts that can influence your choices.

You'll also see how prospect theory can impact your decision-making in everyday life, from your finances to your relationships.