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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Year of publication:	2004
Authors:	Skořepa, Michal
Published in:	Politická ekonomie. - Vysoká Škola Ekonomická v Praze, ISSN 0032-3233. - Vol. 2004.2004, 2
Publisher:	Vysoká Škola Ekonomická v Praze
Subject:	utility \| heuristics \| judgment \| prospect theory \| reference point \| decision making

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Extent:	text/html
Type of publication:	Article
Classification:	B31 - Individuals
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004963571