Professional Documents
Culture Documents
Formality: Formal Theories in Psychologypeople Who Are Not Familiar With Scientific Psychology Are Sometimes
Formality: Formal Theories in Psychologypeople Who Are Not Familiar With Scientific Psychology Are Sometimes
organize phenomena, predict what will happen in new situations, and generate new research. It is
important for beginning researchers to be aware of the different types so that they recognize
theories when they see them in the research literature. (They are not always clearly labeled as
“theories.”) It is also important for them to see that some types of theories are well within their
ability to understand, use, and even construct. In this section, we look at the variety of
psychological theories in terms of three important dimensions: formality, scope, and theoretical
approach.
Formality
Prospect theory. A formal theory of decision making under uncertainty. Psychologist Daniel
Kahneman won the Nobel Prize in economics based in part on prospect theory, which he developed
with Amos Tversky. Read about Kahneman’s Nobel Prize work.