Work #1089 · Mid period
Choices, Values, and Frames
Kahneman and Tversky's 2000 edited volume — prospect theory and its applications
Daniel Kahneman
· 2000
· English
· Edited scientific volume
Tradition: Behavioural economics
Kahneman and Tversky's 2000 collection — prospect theory and its extensions across two decades
Choices, Values, and Frames (2000), edited by Kahneman and Tversky, collects the papers extending their 1979 prospect theory — the alternative to expected-utility theory that earned Kahneman the Nobel. The volume includes the original 1979 prospect theory paper, the 1992 cumulative prospect theory, and applications to framing effects, mental accounting, the endowment effect, loss aversion, and reference-dependent preferences across two decades of behavioural-economics research.
Author
Editions cited
- Choices, Values, and Frames, eds. Kahneman, Tversky (Cambridge UP / Russell Sage, 2000)
School Embodiments
Definitive volume of the prospect-theory tradition — the empirical alternative to expected-utility theory that founded behavioural economics.
"The carriers of value are gains and losses defined relative to a reference point, not final states of wealth — that is the central insight." (Choices, Values, and Frames)
Cognitive-psychological foundation — value functions and decision weights as features of cognitive systems.
"Loss aversion is approximately twice as steep as gain attraction — a robust empirical regularity." (Choices, Values, and Frames)
Engages philosophical questions about rationality and the normative status of expected-utility theory.
"Expected utility is a normative ideal that human choice does not approximate — neither does it follow that it should not." (Choices, Values, and Frames)
Naturalism
10%
Naturalises decision-making — values as cognitive features rather than abstract preferences.
"Preferences are constructed, not discovered, in the act of choice." (Choices, Values, and Frames)
Subsequent evolutionary-psychological treatment of loss aversion as ecological adaptation.
"Loss aversion likely reflects the evolutionary asymmetry between threats and opportunities." (Choices, Values, and Frames)
Realism
15%
Realist about the cognitive structures — prospect-theoretical value functions are not formal artefacts.
"The value function is a real feature of how human minds evaluate outcomes." (Choices, Values, and Frames)
Internal Tensions
Prospect theory has been variously assessed — within behavioural economics it is canonical; expected-utility theorists continue to defend the classical model as normative.
⧖
I. Time
The 1979-2000 research arc — two decades of prospect-theory development.
Attributes
Extent: Infinite
Ontological Status: Substantival
Grain: Continuous
Freedom: Deterministic
Traversability: Linear
Direction: Uni-directional
Dimensionality: One
✦
II. Space
The laboratory and the broader decision-environments tested.
Attributes
Extent: Infinite
Ontological Status: Substantival
Curvature: Flat
Dimensionality: Three
Locality: Local
◉
III. Matter
The embodied decision-making humans whose value functions are characterised.
Attributes
Extent: Infinite
Ontological Status: Substantival
Conservation: Conserved
Dimensionality: Three
Locality: Local
◎
IV. Observer
The choice-making subject as proper topic of behavioural-economic research.
Attributes
Time Instance: Single
Space Instance: Single
Knowledge Extent: Partial
Knowledge Retainment: Partial
Physicality: Embodied
Agency: Active
Number: Plural
Metaphysical Agency: None
⚡
V. Energy
The cognitive energies of effortful evaluation under risk.
Attributes
Extent: Infinite
Ontological Status: Substantival
Conservation: Conserved
Dispersibility: Irreversible
⧉
VI. Information
The probabilistic decision-information that subjects evaluate.
Attributes
Ontological Status: Substantival
Cosmic Conservation: Variable
Personal Conservation: Variable
Granularity: Discrete
Personas with the nearest attribute fingerprint
Historical figures whose own classification on the same six-dimensional grid lands closest to this work's. Computed by attribute-agreement on coordinates both address.
Computed school proximity
The work's attribute fingerprint scored against all schools using the same quiz scorer. Useful as a sanity check on the hand-curated embodiments above.
How Choices, Values, and Frames resolves each dilemma
44 resolved positions across 4 dimensions, including 9 distinctive where the majority of schools go the other way · 13 unaligned.
Each dimension is sorted so minority positions come first. Mainstream positions are folded into an expandable list.
Time · 9 dilemmas · 5 distinctive
Persistence, the future, and the direction of becoming.
Distinctive · only 9% of schools agree
(18/202)
Do you really choose?
If the brain is a physical system and physical systems are governed by laws, then every choice is also a chain of causes — which raises the question of what was really left to choose.
Choice is real within a determined order — agency and determinism aren’t opposites.
On this view, the future is determined and you are genuinely choosing. Those aren't contradictory because the determination runs through you rather than around you: your reasoning, deliberation, and assent are the way the determined outcome gets settled. Choice is what it feels like from …
Roads not taken
The future is open and you are a genuine origin of it. (69%) ·
Choice is structural illusion — every event is fixed by the prior state. (10%) ·
Even if the universe is undetermined, you are not the chooser. (6%)
Distinctive · only 9% of schools agree
(18/202)
Are addicts responsible for their addiction?
Addiction looks from one angle like the textbook case of agency failing — a person doing what they don't, in any meaningful sense, want to do. From another angle it looks like agency at work in hard conditions. Which it is depends on what agency is.
The addict is genuinely responsible within a determined order.
On this view, the addict is acting within a determined order but is genuinely acting — making decisions, endorsing or resisting urges, seeking or refusing help. Responsibility attaches not because some uncaused choice happened, but because the addict is the kind of agent through which …
Roads not taken
The addict could have chosen otherwise — that's why recovery is real. (69%) ·
The addict's behaviour is the outcome of causes; 'responsibility' is a useful fiction, not a metaphysical fact. (10%) ·
Even if the universe is undetermined, the addict isn't the chooser. (6%)
Distinctive · only 9% of schools agree
(18/202)
Should we hold AI systems responsible for what they do?
When an autonomous AI takes an action that harms someone, the question of who or what is responsible — the developer, the operator, the model itself — turns on whether the model is the kind of thing that can be a responsible agent.
The AI can be a genuine agent within determined conditions — and therefore genuinely responsible.
On this view, what makes a being responsible is not indeterminism but the kind of process the being is. An AI that deliberates, considers consequences, can be given reasons, and modifies its behaviour on reflection is doing what responsible agency is, even if its underlying …
Roads not taken
An AI without a free will is not the kind of thing that can be responsible. (69%) ·
An AI's behaviour is fully determined by training and input; 'responsibility' applies if at all to its makers. (10%) ·
Neither AIs nor anyone else are the locus of free agency; the question is the wrong one. (6%)
Distinctive · only 15% of schools agree
(31/202)
Is the universe running out of usable energy?
The heat death of the universe — entropy maxed out, no further work possible — is among the more sobering implications of mainstream physics. Whether it is structurally inescapable depends on what kind of finitude the cosmos has.
Both time and matter are unbounded; 'running out' is misframed.
On this view, the cosmos has neither a temporal horizon nor a material exhaustion point. The framing of running out presupposes bounds that the cosmos doesn't have. Energy gradients perpetuate; new configurations emerge; the categories that make heat-death scary don't apply at the cosmic scale.
Roads not taken
Time is unbounded but matter is finite; usable energy can fail without time failing. (47%) ·
Time both has and lacks bounds depending on the level you ask at; finitude is conventional. (26%) ·
The cosmos has bounds; heat death is a real horizon. (12%)
Distinctive · only 15% of schools agree
(31/202)
Are natural resources fundamentally finite, or only practically so?
Whether we can grow our way out of resource constraints — or whether the cosmos sets limits the economy ultimately must obey — depends on what kind of finitude matter has.
Resources are practically inexhaustible on cosmic scales; terrestrial limits are engineering.
On this view, matter and time are both unbounded at the largest scales. Terrestrial resource limits are real engineering and political constraints but not metaphysical ones; the cosmos can in principle support whatever expansion intelligence is capable of.
Roads not taken
Time goes on but matter is bounded; we are eventually constrained even with infinite time. (47%) ·
The finitude question is level-dependent; resource ethics happens at the level that constrains us. (26%) ·
Resources are finite in the strict sense; living well requires accepting the limit. (12%)
4 mainstream positions
Could we owe future generations more than is materially possible to provide?
Both time and matter are unbounded; we cannot in principle owe more than is possible.
15%
How much weight do future people deserve?
Future people are as real as you are — and their interests count for as much.
47%
Is regret rational?
The past is as real as the present; regret is a real attitude toward a real thing.
47%
Do we owe extinct species something we cannot give them?
Extinct species are as real as we are; they have standing.
47%
Matter · 7 dilemmas, all mainstream
Is the world created from nothing?
Yes — matter was created and is conserved as a real substance.
55%
Is the physical world fully real?
Yes — the physical world is fully real, mind-independent, persisting.
55%
Does matter have intrinsic moral standing?
Matter is morally considerable insofar as it is created or conserved good.
55%
What is money?
Money is a real institution with intrinsic features.
54%
What is a nation?
A nation is a real moral community with intrinsic character.
54%
What makes someone male or female?
Sex is a real biological kind with given content.
54%
Should we edit the human germline?
Human nature is a real biological kind given by reproductive biology or by creation; editing the germline transgresses what is given.
54%
Observer · 37 dilemmas · 3 distinctive
Mind, agency, and the knower's relation to the known.
Distinctive · only 13% of schools agree
(27/202)
Is reality fundamentally digital?
Pancomputationalism, Planck-scale quanta, simulation theory and Kabbalistic letter-mysticism all say yes — but for very different reasons. The rest of the atlas says no.
Yes — bits, quanta, computational substrate.
On this view, the world is at bottom discrete and law-governed, with no metaphysical agency above or behind the substrate. Reality reduces to bits or their physical analogues; the continuous appearance of fields and flows is coarse-graining over discrete underlying structure.
Roads not taken
No — continuous divine sustaining act, the Tao that knows no joints, the One's self-disclosure. (44%) ·
No — continuous fields, classical limits, analog deep structure. (37%) ·
Yes — but divinely-discrete: divine letters, momentary cognitions, atomistic theism. (6%)
Distinctive · only 13% of schools agree
(27/202)
Are there indivisible units of experience?
Whiteheadian actual occasions, Buddhist moments of mind, Kabbalistic letter-cognitions, IIT phi-units — or the unbroken Jamesian stream? The atomism of experience cuts across naturalism and theism alike.
Yes — naturalist quanta of experience.
On this view, experience comes in discrete units defined by the substrate: information-theoretic phi-units, computational frames, discrete neural events. There is no further metaphysical agency that knits them; the appearance of a stream is the way many discrete events present to introspection.
Roads not taken
No — continuous divine presence; consciousness is the unbroken witness. (44%) ·
No — continuous Jamesian stream, phenomenological lived time. (37%) ·
Yes, theistic atomism — actual occasions, divine letters, momentary cognitions. (6%)
Distinctive · only 13% of schools agree
(27/202)
Is memory stored or reconstructed?
Engrams and traces — or continuous re-narration each time you remember? The cognitive-science debate has a theological cousin: divine memory holding each hair, or the ancestors' continuous remembering.
Stored — discrete engrams, traces, weights.
On this view, memory is the readout of discrete information stored in the substrate: engrams, synaptic weights, file-like records. Reconstruction at retrieval is real but secondary; without the stored bits there would be nothing to reconstruct from.
Roads not taken
Held in continuous divine or ancestral remembering — neither stored discretely nor purely reconstructed. (44%) ·
Reconstructed — continuous re-narrating, no fixed engrams. (37%) ·
Stored — in divine memory's discrete particulars, or in karmic-record units. (6%)
25 mainstream positions
Could causation work backwards?
Causation runs one way — the arrow of time is real and structural.
68%
Is the asymmetry between memory and anticipation a real feature of time, or just of us?
The asymmetry is real because time itself has a real direction.
68%
Is the arrow of time a real feature of the cosmos, or only of how we describe it?
The arrow is real and structural; the asymmetry isn't an artifact of description.
68%
Is environmental damage ever truly permanent?
Damage is real and permanent on the relevant timescales. There is no recovery; there is only limitation.
66%
Can a civilization recover from collapse?
Civilizational complexity is hard to build and easy to lose; recovery is at best partial.
66%
Does the second law of thermodynamics mean something morally?
Entropy is what time is. The moral weight, if any, is the weight of working against the current.
66%
When does a person begin?
A person exists from conception — when a new being comes into existence.
54%
What is marriage?
Marriage has a given form — it’s a kind of thing we recognize, not make.
54%
Does environmental harm in another country bind me morally?
Moral obligation tracks the relations one is in; distance does matter, structurally.
50%
Can prayer for someone far away affect them?
Prayer changes the pray-er, not the prayed-for.
49%
Are coincidences ever more than coincidence?
Coincidence is exactly what the math says it is. The pattern is in the noticer.
49%
What is our place in nature?
Active in a real nature — we cultivate, steward, transform.
48%
Should we colonize space?
Cultivating worlds beyond Earth is the next form of stewardship.
48%
Is genetic engineering of food stewardship or domination?
Genetic modification is cultivation by other means.
48%
Is divine omniscience compatible with human freedom?
The observer is in time; foreknowledge across times raises real freedom problems.
46%
Does meditation reveal something genuinely timeless?
Meditators are bounded observers reporting unusual brain states; the 'timeless' is metaphorical.
46%
Does prayer change God's mind?
If there is an addressee at all, it is in time; prayer is communication, and may genuinely change what comes next.
46%
Are the dead morally present to the living?
Observers are bounded by their own moment, and no further agency makes the dead present.
44%
Do animals have moral standing comparable to humans?
Animal minds are real because biology is the substrate of mind.
32%
Could a fetal brain organoid in a petri dish be conscious?
Brain tissue can in principle do what brains do; the question is integration.
32%
Should we trust expert testimony when we can't verify it?
Trust expertise whose conclusions a competent mind can in principle reproduce.
32%
Is religious revelation a real source of knowledge?
Revelation is evaluable by reason — and not above it.
32%
Does an LLM 'know' the things it correctly produces?
An LLM can produce correct outputs but not reason to them; useful, not knowing.
32%
What happens to "you" when you die?
Death is genuinely the end.
30%
Could an AI have a mind that matters?
No — mind is what a biological brain does, and an LLM has no brain.
30%
9 unaligned
Does history have a direction or meaning?
Schools split: 37% / 23% / 19%
—
How is knowledge of reality produced?
Schools split: 25% / 17% / 13%
—
If a teleporter copied and destroyed you, would you have survived?
Schools split: 36% / 29% / 14%
—
Is salvation, liberation, or fulfillment individual or communal?
Schools split: 15% / 14% / 4%
—
Is the late-stage dementia patient still the person their spouse married?
Schools split: 36% / 29% / 14%
—
Is truth universal, tradition-bound, situated, or constructed?
Schools split: 65% / 16% / 10%
—
What kind of religious-theological authority does the tradition recognize?
Schools split: 44% / 16% / 14%
—
What makes someone the same person over time?
Schools split: 36% / 29% / 14%
—
Who is the moral primary — the individual, the community, the cosmos, the class, or the species?
Schools split: 40% / 28% / 14%
—