Abstract:The work cited by the Nobel committee was done jointly with the late Amos Tversky during a long and unusually close collaboration. Together, we explored the psychology of intuitive beliefs and choices and examined their bounded rationality. This essay presents a current perspective on the three major topics of our joint work: heuristics of judgment, risky choice, and framing effects. In all three domains we studied intuitionsthoughts and preferences that come to mind quickly and without much reflection. I rev… Show more
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