Daniel Kahneman and psychological principles of economics
One of the two laureates of the Nobel Prize for economics in 2002 is Daniel Kahneman. After taking a brief look at Kahneman's life, the present article surveys his contributions to our understanding of three aspects of human decision making: judgment, comparison of alternatives and types of utility. In all three areas, interesting economic applications of Kahneman"s results are possible. Some of these applications are sketched.
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Volume (Year): 2004 (2004)
Issue (Month): 2 ()
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