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- W4386132353 abstract "Abstract This chapter discusses psychologist Daniel Kahneman’s identification of features of the way human beings function that had not been recognized by influential theories of rational choice. He distinguishes between two categories of mental functioning: “System 1 operates automatically and quickly, with little or no effort and no sense of voluntary control. System 2 allocates attention to the effortful mental activities that demand it, including complex computations. The operations of System 2 are often associated with the subjective experience of agency, choice, and concentration.” Kahneman describes the many ways in which intuitive judgments of likelihood tend to be unreliable—often with serious consequences for legal and policy choices. Indeed, he and Amos Tversky demonstrated that rational expectations theory, a model of choice widely used by economists, was seriously inaccurate as an account of how people actually behave, and they proposed an alternative that they called prospect theory. More recently, Kahneman has turned his attention to the measurement of happiness or well-being, distinguishing between the experiencing self and the remembering self." @default.
- W4386132353 created "2023-08-25" @default.
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- W4386132353 date "2023-11-19" @default.
- W4386132353 modified "2023-09-27" @default.
- W4386132353 title "Kahneman’s Thinking" @default.
- W4386132353 doi "https://doi.org/10.1093/oso/9780197681671.003.0015" @default.
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