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 SlovicThe
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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