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Wiley InterScience

Political Psychology

Political Psychology

Volume 25 Issue 2, Pages 289 - 312

Published Online: 12 Mar 2004

© 2010 International Society of Political Psychology



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Prospect Theory in Political Science: Gains and Losses From the First Decade
Rose McDermott 1
  1 University of California, Santa Barbara
Copyright 2004 International Society of Political Psychology
KEYWORDS
prospect theory • framing • loss • emotion • groups • reference point

ABSTRACT

Prospect theory offers a number of advantages that justify its use in the analysis of political behavior, but it also has some aspects that limit its wider applicability in political contexts. This article reviews recent research highlighting these successes and limitations. Future research on the incorporation of prospect theory into models of political behavior should focus on such areas as group decision-making, reference point specification, and emotion.


DIGITAL OBJECT IDENTIFIER (DOI)
10.1111/j.1467-9221.2004.00372.x About DOI

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