# Prospect Theory

*Tom Geraghty · Voice & Silence, Individual & Wellbeing*

Applies Kahneman and Tversky's Prospect Theory to the voice calculus. Shows how loss aversion, diminishing sensitivity, and probability weighting systematically bias the cost-benefit calculation toward silence — not through irrationality but through predictable cognitive architecture.

- **This page:** https://explore.psychsafety.com/n/prospect-theory-and-psychological-safety/
- **Read the full article on psychsafety.com:** https://psychsafety.com/prospect-theory-and-psychological-safety/
- **Interactive map:** https://explore.psychsafety.com/?node=prospect-theory

## Connected concepts (11)

- [Calculus of Voice](https://explore.psychsafety.com/n/the-calculus-of-voice.md)
- [Local Rationality](https://explore.psychsafety.com/n/local-rationality.md)
- [Prospect Theory: An Analysis of Decision under Risk](https://explore.psychsafety.com/n/kahneman-tversky-1979.md) (paper)
- [The Liking Gap in Conversations: Do People Like Us More Than We Think?](https://explore.psychsafety.com/n/boothby-et-al-2018.md) (paper)
- [Ambiguity & Predictability](https://explore.psychsafety.com/n/ambiguity-predictability-and-psychological-safety.md)
- [An Uncertainty Management Perspective on Long-Run Impacts of Adversity: The Influence of Childhood Socioeconomic Status on Risk, Time, and Social Preferences](https://explore.psychsafety.com/n/amir-jordan-rand-2018.md) (paper)
- [Childhood SES & PS](https://explore.psychsafety.com/n/childhood-ses-workplace-risks.md)
- [Barriers to PS](https://explore.psychsafety.com/n/barriers-to-psychological-safety.md)
- [Risk, Ambiguity, and the Savage Axioms](https://explore.psychsafety.com/n/ellsberg-1961.md) (paper)
- [Types of Silence](https://explore.psychsafety.com/n/types-of-silence.md)
- [The Psychological Anchor](https://explore.psychsafety.com/n/the-psychological-anchor-in-the-workplace.md)