Daniel Kahneman's scientific contributions

Citations

... It may also be the case that some workers overestimate their own individual probability of finding a permanent-contract, despite the level of contract-type mismatch observed in their local labour market. This overestimation may be associated with a well-documented cognitive bias (Kahneman, 2011), with individuals systematically overestimating their own ability and relative position with respect the overall distribution. In this sense, better information on contract-type mismatch, coupled with policies which render temporary-contracts more attractive, are likely to increase unemployment exit rates and reduce average unemployment duration. ...