The Construction of Preference: New Challenges to the Rationality Assumption

By Daniel Kahneman. 2006

514 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/5409b053d9a136f28a4776375f615c45ac847011

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Citations in the corpus

Curbing Optimism Bias and Strategic Misrepresentation in Planning: Reference Class Forecasting in Practice (2008, methodology): “Reference class forecasting is based on theories of planning and decision-making under uncertainty that won Princeton psychologist Daniel Kahneman the Nobel prize in economics in 2002 (Kahneman & Tversky, 1979a, 1979b; Kahneman, 1994).”
Self‐regulation and decision heuristics in entrepreneurial opportunity evaluation and exploitation (2007, background): “That implied a negative view of heuristics as inherently irrational and error-prone, and strenuous attempts were therefore made to minimize their impact and relevance (Kahneman, 2000).”
Human well-being: concepts and conceptualizations (2004, background): “It shows that SWB is measurable, often relatively little related to consumption levels, and not simply imputable from choices—people do not try to maximize their own utility and/or are not very good at it (Kiron 1997, Kahneman 1994 ).”
Should We Build More Large Dams? The Actual Costs of Hydropower Megaproject Development (2014, background): “Should we build more large hydropower dams? How confident can planners be that a large bet on a large dam will pay-off handsomely? We investigate these questions with the “outside view” or “reference class forecasting” based on the literature on decisionmaking under uncertainty that won Princeton ps”
Happiness Research: State and Prospects (2005, unknown): “The experienced utility of an outcome encompasses the hedonic experience of that outcome, while the decision utility is the weight an individual assigns to that outcome in a decision (Kahneman 1994).”
Why humans are (sometimes) less rational than other animals: Cognitive complexity and the axioms of rational choice (2013, background): “The model of rational judgement used by decision scientists is one in which a person chooses options based on which option has the largest expected utility (Dawes, 1998; Fishburn, 1981, 1999; Gauthier, 1975; Kahneman, 1994; McFadden, 1999; Resnik, 1987; Starmer, 2000; Wu, Zhang, & Gonzalez, 2004).”
Policy and Planning for Large-Infrastructure Projects: Problems, Causes, Cures (2005, unknown): “This method was originally developed to compensate for the type of cognitive bias in human forecasting that Princeton psychologist Daniel Kahneman found in his Nobel prize-winning work on bias in economic forecasting (Kahneman, 1994; Kahneman and Tversky, 1979).”
Neuroeconomics: Why Economics Needs Brains (2004, background): “Kahneman (1994) distinguishes four types: remembered utility, anticipated utility, choice utility and experienced utility.”