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Pursuing Simon, further initiatives ended up created to produce better understandings of client decision- making, extending past the mathematical optimization of Utility Idea and the relatively unsatisfying Satisficing Theory. In the late 1970s, two top psychologists, Daniel Kahneman and Amos Tversky, developed Prospect Theory, which expanded on both Utility Concept and Satisficing Idea to develop a new principle that encompassed the very best facets of each and every, although resolving many of the problems that every presented.
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