Maps of Bounded Rationality¶
Kahneman. (2003). Maps of Bounded Rationality: Psychology for Behavioral Economics.
Cited by¶
1 citation across 1 artifact.
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Domain-specific¶
- Attribute Substitution
- Judgment under uncertainty — the home turf: the common engine Kahneman and Frederick proposed beneath representativeness (typicality for probability), the availability heuristic (ease-of-imagining for frequency), and the affect heuristic (present feeling for value). Behavioral economics — proposed mechanism for hyperbolic discounting (immediacy for value), the endowment effect (loss-affect for transaction value), and present bias
This sourceKahneman's synthesis arguing that accessibility and attribute substitution underlie the judgment anomalies behavioral economics studies.
- Judgment under uncertainty — the home turf: the common engine Kahneman and Frederick proposed beneath representativeness (typicality for probability), the availability heuristic (ease-of-imagining for frequency), and the affect heuristic (present feeling for value). Behavioral economics — proposed mechanism for hyperbolic discounting (immediacy for value), the endowment effect (loss-affect for transaction value), and present bias
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