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rabbitlord | 5 months ago
When the book came out, KT basically retrofitted their earlier behavioral work into this newer two-system framework. The book made the distinction famous, but that wasn’t really KT’s original contribution. Their biggest impact was bringing psychology into economics, i.e., prospect theory, alternative utility functions, and ultimately the creation of behavioral economics. I think people often don’t give enough credit to what they actually pioneered, and instead celebrate them for concepts they didn’t really originate.
matusp|5 months ago