Daniel Kahneman introduced Cumulative prospect theory, his findings challenge what assumption?
Cumulative prospect theory Cumulative prospect theory (CPT) is a model for descriptive decisions under risk and crisis which was introduced by Amos Tversky and Daniel Kahneman in 1992 (Tversky, Kahneman, 1992). It is a further development and variant of prospect theory. The difference between this version and the original version of prospect theory is that weighting is applied to the cumulative probability distribution function, as in rank-dependent expected utility theory but not applied to the probabilities of individual outcomes. In 2002, Daniel Kahneman received the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for his contributions to behavioral economics, in particular the development of Cumulative Prospect Theory (CPT).
Contrastivism Contrastivism, or the contrast theory of meaning is an epistemological theory proposed by Jonathan Schaffer that suggests that knowledge attributions have a ternary structure of the form 'S knows that p rather than q'. This is in contrast to the traditional view whereby knowledge attributions have a binary structure of the form 'S knows that p'. Contrastivism was suggested as an alternative to contextualism. Both are semantic theories that try to explain skepticism using semantic methods.