Kahneman and Tverksy 1974

27 years in a row and counting either studying or teaching this paper in some form or another. How do people form beliefs about the likelihood of different events occurring, estimate probabilities, figure out how likely things are etc,? Many streams of work that look at it. Kahneman and Tversky in particular had large influence on how people working across a wide variety of settings in policy & regulation think about these issues. The concepts of anchoring, availability, & representativeness continue to be studied and developed in many different ways. Whether people choose worse products because of difficulty processing information; whether nudging or boosting or similar classes of interventions improve decisions; how susceptible are people to online misinformation; do people essentially pick beliefs and information to fulfill other objectives, all live areas of study that cross between psychology, economics, political science, & many real-world applications.