The section provides very useful linkages from the will-power and intertemporal inconsistency work to the historical development of Economics and 20th century debates about consumption and income in Economics.
(iii) Self-control 1975-88 describes the development of his work on self-control, will-power and how this literature subsequently developed. There is a lot of very useful material on the key ideas in the mental accounting literature and explanations of the main experiments. Chapter 4 contains a very useful outline of the development of Prospect Theory by Kahneman and Tversky (ii) Mental Accounting 1979-85 outlines the development of the literature on mental accounting. It is split into 8 parts: (i) Beginnings 1970-78 details his early interest in the psychology of decision making discussing his work on the statistical value of life and how this led to an interest in the endowment effect and his more general interest in how people deviate from rational economic assumptions. Richard Thaler's " Misbehaving: the Making of Behavioural Economics" is partly an autobiography and partly a history of the development of behavioural economics.
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