Thursday, December 22, 2011

The influence of Prospect Theory mapped

Mostly Economics points to a fantastic graphic that maps the spectacular growth in "scholarly influence" of Prospect Theory, which examines decision making in conditions of uncertainty and risk, as measured by Journal citations and references in different fields. Daniel Kahneman and Amos Tversky published their landmark paper on Prospect Theory in 1979.

This visualization is also an example of the power of graphically illustrating concepts like growth in influence of ideas and trends.

1 comment:

Andrew said...

This would have to be balanced with the more-than-linear increase in citations generally, though.