New PDF release: An essay on the monetary theory of distribution

By Massimo Pivetti

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And the heuristics that causes biases may also be intentionally deployed. , Frisch 1993). In some cases, it seems that heuristics, or principles that are labeled as such, take the form of principles that are endorsed after reflection. This may occur in the moral domain (Sunstein 2005), and also in decisions and judgments based on probability. Despite serious normative arguments against the relevance of “ambiguity” or “uncertainty about probability” to decision-making (Baron & Frisch 1994), many scholars have defended the principle of avoiding options when the “probability of some outcome is unknown,” perhaps because the intuition that it is relevant is very powerful (Slovic & Tversky 1974).

Parker & Son. , & Rangel, A. (2010). The Drift Diffusion Model can account for the accuracy and reaction time of value-based choices under high and low time pressure. Judgment and Decision Making 5, 437–49.  W. (1987). Teaching reasoning. Science 238, 625–31. , & Faraday, M. (1986). Learning to reason. Final report, Grant No. NIE-G-83-0028, Project No. 030717. Harvard Graduate School of Education.  R. (1967). Man as an intuitive statistician. Psychological Bulletin 68, 29–46. Polya, G. (1945).

1990). Thinking about consequences. Journal of Moral Education 19, 77–87. 24 Jonathan Baron Baron, J. (1993). —An essay. ) Applied Psychology: An International Review 42, 191–237. Baron, J. (2004). Normative models of judgment and decision making. In D.  Koehler & N. ), Blackwell Handbook of Judgment and Decision Making, pp. 19–36. London: Blackwell. Baron, J. (2008). Thinking and deciding (4th edition). New York: Cambridge University Press. Baron, J. (2012). The “culture of honor” in citizens’ concepts of their duty as voters.

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An essay on the monetary theory of distribution by Massimo Pivetti


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