Tagged: Behavioral Economics

Daniel Kahneman

Although we always assume, or at least used to assume, that people make rational choices and show reasonable behavior in everyday life situations, the truth begs to differ. Daniel Kahneman is one of the reasons that we know about all this. He is truly one of the leaders in experimental...

The Conjunction Fallacy

  Linda is 31 years old, single, outspoken, and very bright. She majored in philosophy. As a student she was deeply concerned with issues of discrimination and social justice, and also participated in anti-nuclear demonstrations. Which choice is more probable? Linda is a bank teller Linda is a bank teller...