Value Functions, Fostering and Kingdom Gains

  • Katherine Wick

Abstract

Behavioral economics is rising in popularity in American classrooms, and its discussion is relevant to students across business, public health, social sciences, and the humanities. As professors teach about loss aversion and risk, we introduce students to the kinked value function as an important part of prospect theory. In this paper, I will show a Kingdom-based approach to teaching about value functions in the context of the foster care system where there exists a crisis of capacity. It is only when Christians place their reference point in the Kingdom that risky endeavors show returns that outweigh losses.

Published
2018-03-26
Section
Creative Instruction