Daniel Kahneman on Cognitive Traps

Daniel Kahneman’s recently released book Thinking, Fast and Slow aimed at a popular audience is certainly generating a great deal of press, so far as I can tell, most of it very positive. Here he is outlining his experimental work in a Ted Talk. As a behavioral economist much of what he says about rationality will have resonance for Hayek and Simon and other situated cognitive theorists. I think that much of what Kahneman says is consistent with Gunderman from the previous posting though they are of course very different thinkers.