Sheep don’t read barcodes
Glen Newey: ‘Thinking, Fast and Slow’, 22 March 2012
Thinking, Fast and Slow
by Daniel Kahneman.
Allen Lane, 499 pp., £25, November 2011,978 1 84614 055 6 Show More
by Daniel Kahneman.
Allen Lane, 499 pp., £25, November 2011,
“... what amounts to the same schedule of risks. This spells a bad day for the project pioneered by John von Neumann and Oskar Morgenstern in the mid-20th century, of creating univocal preference functions for individual economic actors based on their revealed preferences. Someone who prefers one outcome to another when it’s presented in one way, but reverses ... ”