Prospect theory has been around for almost 30 years and has it's own problems. But of course the experimental results are illuminating.. A good summary of thes

Prospect theory has been around for almost 30 years and has it's own problems. But of course the experimental results are illuminating.. A good summary of these findings can be found in http://www.hss.caltech.edu/~camerer/ribe239.pdf http://www.hss.caltech.edu/~camerer/ribe239.pdf, the intro to Advances in Behavioral Economics (2003)