Daniel Kahneman and the concept of the true self

Research output: Contribution to journalArticle

2 Downloads (Pure)

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.

Original languageEnglish
Number of pages8
JournalBehavioural Public Policy
Early online date2 Oct 2024
DOIs
Publication statusE-pub ahead of print - 2 Oct 2024

Keywords

  • Kahneman
  • true self
  • true preference
  • discovered preference

Cite this