Thinking, Fast and Slow



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Daniel Kahneman - Thinking, Fast and Slow

33: Reversals
in the man’s regular store
: Dale T. Miller and Cathy McFarland, “Counterfactual Thinking
and Victim Compensation: A Test of Norm Theory,” 
Personality and Social Psychology
Bulletin
12 (1986): 513–19.
reversals of judgment and choice
: The first step toward the current interpretation was
taken by Max H. Bazerman, George F. Loewenstein, and Sally B. White, “Reversals of
Preference in Allocation Decisions: Judging Alternatives Versus Judging Among
Alternatives,” 
Administrative Science Quarterly
37 (1992): 220–40. Christopher Hsee
introduced the terminology of joint and separate evaluation, and formulated the important
evaluability hypothesis, which explains reversals by the idea that some attributes {e
a#822become evaluable only in joint evaluation: “Attribute Evaluability: Its Implications
for Joint-Separate Evaluation Reversals and Beyond,” in Kahneman and Tversky, 
Choices,
Values, and Frames
.
conversation between psychologists and economists
: Sarah Lichtenstein and Paul Slovic,
“Reversals of Preference Between Bids and Choices in Gambling Decisions,” 
Journal of
Experimental Psychology
89 (1971): 46–55. A similar result was obtained independently
by Harold R. Lindman, “Inconsistent Preferences Among Gambles,” 
Journal of
Experimental Psychology
89 (1971): 390–97.
bewildered participant
: For a transcript of the famous interview, see Sarah Lichtenstein
and Paul Slovic, eds., 
The Construction of Preference
(New York: Cambridge University
Press, 2006).
the prestigious
American Economic Review: David M. Grether and Charles R. Plott,
“Economic Theory of Choice and the Preference Reversals Phenomenon,” 
American
Economic Review
69 (1979): 623–28.
“context in which the choices are made”
: Lichtenstein and Slovic, 
The Construction of
Preference
, 96.
one embarrassing finding
: Kuhn famously argued that the same is true of physical
sciences as well: Thomas S. Kuhn, “The Function of Measurement in Modern Physical
Science,” 
Isis
52 (1961): 161–93.
liking of dolphins
: There is evidence that questions about the emotional appeal of species
and the willingness to contribute to their protection yield the same rankings: Daniel


Kahneman and Ilana Ritov, “Determinants of Stated Willingness to Pay for Public Goods:
A Study in the Headline Method,” 
Journal of Risk and Uncertainty
9 (1994): 5–38.
superior on this attribute
: Hsee, “Attribute Evaluability.”
“requisite record-keeping”
: Cass R. Sunstein, Daniel Kahneman, David Schkade, and
Ilana Ritov, “Predictably Incoherent Judgments,” 
Stanford Law Review
54 (2002): 1190.

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