He criticized the use of indifference curves in a chapter on how people tend to overvalue goods they already own.
This economist dissected the "optimism" and "overconfidence" of entrepreneurs in a chapter jokingly titled "The Engine of Capitalism." He criticized the use of indifference curves in a chapter on how people tend to overvalue goods they already own. This economist discussed how the desire for forming a coherentpicture generates the "law of small numbers" and the effect "WÂ­YÂ­SÂ­IÂ­AÂ­TÂ­I" or "what you see is all there is." This alphabeticallyÂ­first author of (*) "Choices, Values, and Frames" discovered that, despite what expectedvalues say, people are far more riskÂ­averse than rewardÂ­seeking. More recently, this man warned against trusting decisions to the brain's impulsive "System One." This man helped demolish rational actor theory with an alphabeticallyÂ­later colleague by analyzing cognitive heuristics and biases. For 10 points, name this behavioral economist who developed prospect theory with Amos Tversky and wrote Thinking, Fast and Slow.
This economist dissected the "optimism" and "overconfidence" of entrepreneurs in a chapter jokingly titled "The Engine of Capitalism."
Daniel Kahneman