Maps of Bounded Rationality: Psychology for Behavioral Economics

Daniel Kahnemann continues his exploration into utility theory and the decisions under risk. In this paper, Kahnemann summarizes his research that highlights the differences between empirical decision making and the choices individuals are expected to make based on conventional rational agent models. Tevy Chawwa, Igor Hernandez, Nan Li, and Laura Paul provided the notes summarizing Maps of Bounded Rationality and presented them paper to the Econ 206 class.