Daniel Kahneman and the concept of the true self

Sugden, Robert (2024) Daniel Kahneman and the concept of the true self. Behavioural Public Policy. ISSN 2398-063X

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Abstract

Kahneman and Tversky's 'Prospect Theory' paper famously demolishes expected utility theory as a predictive device. However, it presents deviations from that theory as 'normatively unacceptable' and argues that decision-makers would normally correct them when possible. In a later paper, Kahneman rejects a similar argument (the 'discovered preference' hypothesis) advanced by Plott. Later still, Kahneman endorses Sunstein and Thaler's 'libertarian paternalism', which aims to help people avoid deviating from their 'true' preferences. I report an email correspondence between Kahneman and me in which we debated whether his position on libertarian paternalism was consistent with his critique of Plott's hypothesis.

Item Type:	Article
Uncontrolled Keywords:	kahneman,true self,true preference,discovered preference,economics, econometrics and finance(all),2*,a minor contribution to a symposium on the work of one of the founders of behavioural economics ,/dk/atira/pure/subjectarea/asjc/2000
Faculty \ School:	Faculty of Social Sciences > School of Economics
UEA Research Groups:	Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences Faculty of Social Sciences > Research Centres > Centre for Competition Policy Faculty of Social Sciences > Research Groups > Behavioural Economics Faculty of Social Sciences > Research Groups > Economic Theory
Related URLs:	http://www.scopus.com/inward/record.url?...
Depositing User:	LivePure Connector
Date Deposited:	22 Jul 2024 08:31
Last Modified:	02 Dec 2024 01:43
URI:	https://ueaeprints.uea.ac.uk/id/eprint/95971
DOI:	10.1017/bpp.2024.39

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