Psychologists at the Gate: A Review of Daniel Kahneman's Thinking, Fast and Slow

By A. Shleifer. 2012

100 citations recorded by the source corpus.

The publication of Daniel Kahneman's book, Thinking, Fast and Slow, is a major intellectual event. The book summarizes, but also integrates, the research that Kahneman has done over the past forty years, beginning with his path-breaking work with the late Amos Tversky. The broad theme of this research is that human beings are intuitive thinkers and that human intuition is imperfect, with the result that judgments and choices often deviate substantially from the predictions of normative statistical and economic models. In this review, I discuss some broad ideas and themes of the book, describe some economic applications, and suggest future directions for research that the book points to, especially in decision theory. (JEL A12, D03, D80, D87)

Subfields: Economics and Econometrics, Finance, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/4ad828cf86a08f561252567424a3b8efca4dae56

Citations in the corpus

• Personal Experiences and Expectations about Aggregate Outcomes (2019, unknown): “In the literature (e.g., Kahneman, Slovic, and Tversky, 1982; Shleifer, 2012), several underlying behavioral biases have been cited as contributing to extrapolation, which in the finance literature is often simply understood as “the formation of expected returns . . . based on past returns”…”