Decision, Utility and Prospect Theory

Expected utility theory is the decision analysis rationale, until now does not have one kind of theory to be able to substitute for it in the management decision-making status. The prospect theory appearance, powerfully is shaking its absolute status, is getting up the important promoter action to the traditional policy-making theory based on the expectation effectiveness maximization. However, because oneself lacks the strict logical inference, I think that it is unable to substitute for the expected utility theory in the standardized decision-making function.