The framing effect, as defined by Kahneman and Tversky (1979), describes how people prefer sure gains over risky ones when making decisions, but prefer risky losses over sure ones.

Authors

• Person: Not available Organization: Frontiers in Psychology
  The Impact of Cognitive Biases on Professionals' Decision-Making

Sources

• The Impact of Cognitive Biases on Professionals' Decision-Making www.frontiersin.org Frontiers in Psychology via serper

Referenced by nodes (2)

• Daniel Kahneman entity
• Amos Tversky entity