糖心原创

What Daniel Kahneman thought about economics

Drawing on Kahneman’s writings, his responses in interviews and our personal recollections, we reconstruct his view of his contributions to behavioural economics, of developments in economics that have built on those contributions, and of earlier related work by economists. Kahneman saw his primary research programme as the study of intuitive judgement. He differentiated this programme from most work in behavioural economics, which (he thought) retained the fundamental structure of rational choice theory and represented psychological effects in ‘one deviation at a time’ models. We argue that he overstated the differences between the two programmes.