Maps of Bounded Rationality: Psychology for Behavioral Economics

By Daniel Kahneman. 2003

5,245 citations recorded by the source corpus.

Subfields: General Decision Sciences, Safety Research, Social Psychology, Economics & Operations Research

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Citations in the corpus

Thinking Fast and Slow with Deep Learning and Tree Search (2017, background): “According to dual-process theory [1, 2], human reasoning consists of two different kinds of thinking.”
Adaptive Online Planning for Continual Lifelong Learning (2019, background): “When uncertain about a course of action, humans use an elongated model-based search to evaluate long-term trajectories, but fall back on habitual behaviors learned with model-free paradigms when they are certain of what to do [3, 8, 9, 16].”
Geoengineering and Climate Change Polarization: Testing a Two-channel Model of Science Communication (2015, background): “…model, which asserts that ordinary members of the pubic lack the ability to reliably advance their expected utility because their assessment of risk information is constrained by cognitive biases and other manifestations of bounded rationality (Kahneman 2003; Sunstein 2005; Weber 2006).”
Intuition in Management Research: A Historical Review (2012, neutral): “…underlie judgements under conditions of uncertainty: (1) representativeness heuristic (i.e. 'what is typical'); (2) availability heuristic (i.e. 'what comes easily to mind'); (3) adjustment and anchoring (i.e. 'what happens to come first') (Kahneman, Slovic and Tversky, 1982; Kahneman, 2002, 2003).”
Visual Attention and Attribute Attendance in Multi-Attribute Choice Experiments (2015, background): “Indeed, there is a growing literature that questions the validity of RUM (e.g., Kahneman, 2003, and DellaVigna, 2009).”
Preferences with frames: A new utility specification that allows for the framing of risks (2009, background): “Rabin and Weizsacker (2009) show that, if the implications of each pair of choices in Tversky and Kahneman’s (1981) experiment are pointed out, cts no longer choose a dominated pair. When the implications of each pair of choices are pointed out, those implications are suddenly accessible, to ahneman”
An agent-based model to study market penetration of plug-in hybrid electric vehicles (2011, background): “Regions shown in white had no agents in them information very psychologically ‘‘accessible’’ (Kahneman, 2003) and influence more fuel-efficient PHEV purchases, much as the Energy Guide labels and Energy Stars ratings have dramatically boosted the market share of energy efficient home appliances in…”
Two minds, three ways: dual system and dual process models in consumer psychology (2012, methodology): “This has been referred to as ‘bounded rationality’, restrictions in the processing of information to arrive at decisions due to limits in knowledge (information), available time, and computational capacities (Simon 1982; Gigerenzer and Goldstein 1996; Kahneman 2003).”
Superforecasting: The Art and Science of Prediction (2015, background): “Many aspects thus emerging in the description of superior forecasting behavior address the relevance of the dichotomy of cognition suggested by Kahneman (2003).”
The Study of Bias in Entrepreneurship (2017, background): “The theory of bias has had enormous influence, resulting in the creation of new fields such as behavioral economics (Kahneman, 2003) and behavioral law (Jolls, Sunstein, & Thaler, 2000).”
Cognitive Biases in the Assimilation of Scientific Information on Global Warming and Genetically Modified Food (2015, background): “System 1 and 2 can be thought of more generally as intuition and reasoning, respectively (Kahneman, 2003).”
An index of loss aversion (2005, background): “All these alternative definitions imply both our definition of loss aversion and that of Kahneman and Tversky [31].”
Evolutionary Selection of Individual Expectations and Aggregate Outcomes in Asset Pricing Experiments (2012, neutral): “For example, if they coincide, i.e., p i, t+2 e = p t , this implies naive expectations in period t.”