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.

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Connected concepts (11)

Calculus of Voice
Local Rationality
Prospect Theory: An Analysis of Decision under Risk (paper)
The Liking Gap in Conversations: Do People Like Us More Than We Think? (paper)
Ambiguity & Predictability
An Uncertainty Management Perspective on Long-Run Impacts of Adversity: The Influence of Childhood Socioeconomic Status on Risk, Time, and Social Preferences (paper)
Childhood SES & PS
Barriers to PS
Risk, Ambiguity, and the Savage Axioms (paper)
Types of Silence
The Psychological Anchor