โก How It Works
Input
Choice data
โ
Model
Prospect theory
โ
Apply
Frame strategies
Losses feel 2-2.5x stronger than equivalent gains
Kahneman & Tversky, Nobel Prize research
Quantify loss aversion using prospect theory. Model asymmetric responses to gains and losses to optimize pricing frames and promotional strategies.
Choice data
Prospect theory
Frame strategies
Kahneman & Tversky, Nobel Prize research
Dr. Koray Cosguner
Founder & Principal Consultant
Associate Professor of Marketing