Society, Politics & Law
Why does behavioural economics point to a hard Brexit?
...cognitive psychologists and turned into an elegant “Prospect Theory” by Amos Tversky and Daniel Kahneman – who won the economics Nobel for it in 2002. An important consequence of this asymmetry is that people may react differently to a choice that is functionally the same, if it is re-framed in terms of losses rather than gains. You might, for example, prefer the...