Daniel Kahneman’s underappreciated last published paper: Empirical implications for benefit-cost analysis and a chat session discussion with bots
这篇论文分析了卡尼曼最后一篇论文的概念创新，挑战了收入边际效用递减的假设，并表明将收入再分配简单纳入成本效益分析的做法缺乏依据，更适合通过财政政策实现。
Abstract Nobel Prize winner Daniel Kahneman’s last published paper is an adversarial collaboration in which he and Matthew Killingsworth reconcile conflicting empirical results from their previous research on income and reported happiness, with Barbara Mellers as a facilitator. The empirical results use quantile regression to allow for measured income heterogeneity effects that include notch points in the estimated marginal utilities of income. Our analysis examines Kahneman’s last paper’s conceptual innovations and challenges to assumptions about diminishing marginal utility of income. We review his contributions to emotional well-being measurement and employ a novel AI-simulated dialogue between the late Amos Tversky and Sir Angus Deaton to explore interdisciplinary perspectives on the findings. Our paper demonstrates how Kahneman’s final research undermines recent arguments for incorporating income redistribution simply into benefit-cost analysis, suggesting that such objectives remain better addressed through fiscal policy rather than regulatory interventions. His final published work exemplifies Kahneman’s commitment to empirical precision and theoretical flexibility, even when contradicting his earlier conclusions.