[[https://en.wikipedia.org/wiki/Prospect_theory][Prospect theory - Wikipedia]]
Theory building on loss aversion, which tries to construct a rational-utils-to-human-motivs conversion. Assumes the existence of utils (VNM rationality is axiom in the norms). Attributes the deviation of motivs from utils to cognitive effects, which doesn't pay much rent. I want to look for resources which answer:
are there more interesting hypotheses about loss aversion than "cognitive bias"? particularly hidden concerns?
capuchins display loss aversion with grapes. it's clearly a robust effect.
what is the experimental design that lets us draw the graph? what other prerequisites do we need to establish before we can treat the graph as predictive, not merely descriptive?
do capuchins test positively for adherence to the prospect theory curve?
Critics from the field of psychology argued that even if Prospect Theory arose as a descriptive model, it offers no psychological explanations for the processes stated in it.[27]
no gears-level understanding