The Conversation with Economics

Thinking, Fast and Slow

This flow follows the book's intellectual bridge between psychological evidence and the rational-agent model of economics.

increasing

Bearing strength in each event

decreasing

The Dark Red Essay The Dark Red Essay from "Thinking, Fast and Slow". Encountering Economics A New Species Daniel Kahneman reads Bruno Frey's statement that economic agents are rational and selfish.

The Dark Red Essay from "Thinking, Fast and Slow". Encountering Economics A New Species Daniel Kahneman reads Bruno Frey's statement that economic agents are rational and selfish.

Encountering Economics A New Species Daniel Kahneman reads Bruno Frey's statement that economic agents are rational and selfish. Disciplinary Shock Psychological Humans appear unlike theoretical Econs.

Expected Utility Expected Utility from "Thinking, Fast and Slow". Rational Choice Axioms Expected utility offers a logic for consistent preference among gambles.

Expected Utility from "Thinking, Fast and Slow". Rational Choice Axioms Expected utility offers a logic for consistent preference among gambles.

Rational Choice Axioms Expected utility offers a logic for consistent preference among gambles. Psychological Challenge Kahneman and Amos Tversky ask how actual people choose instead.

Allais's Challenge Allais's Challenge from "Thinking, Fast and Slow". The Certainty Paradox Expert Violation Maurice Allais shows that respected economists reverse preferences when certainty enters.

Allais's Challenge from "Thinking, Fast and Slow". The Certainty Paradox Expert Violation Maurice Allais shows that respected economists reverse preferences when certainty enters.

The Certainty Paradox Expert Violation Maurice Allais shows that respected economists reverse preferences when certainty enters. Theory Under Pressure The rational model survives by treating the inconsistency as an anomaly.

Behavioral Economics Behavioral Economics from "Thinking, Fast and Slow". Humans Enter Economics Descriptive Theory Prospect theory describes actual choices rather than prescribing ideal rationality.

Behavioral Economics from "Thinking, Fast and Slow". Humans Enter Economics Descriptive Theory Prospect theory describes actual choices rather than prescribing ideal rationality.

Humans Enter Economics Descriptive Theory Prospect theory describes actual choices rather than prescribing ideal rationality. New Discipline The conversation becomes behavioral economics.

A Productive Tension A Productive Tension from "Thinking, Fast and Slow". Logic and Psychology Normative Tools Economic theory remains useful for clarifying what consistency requires.

A Productive Tension from "Thinking, Fast and Slow". Logic and Psychology Normative Tools Economic theory remains useful for clarifying what consistency requires.

Logic and Psychology Normative Tools Economic theory remains useful for clarifying what consistency requires. Human Limits Psychology explains why real decision makers depart from those requirements.

Early in the author's decision-making research

At the beginning of Part 4

Middle of the prospect-theory history

After the publication of prospect theory

In the concluding chapters