The Journal of Political Economy is considered a top-4 journal in economics. It has, nevertheless, a well known bias towards evidence consistent with rationality (ironic for rationality requires the unbiased evaluation of evidence). No JPE paper cited Prospect Theory until 2005… a 26 years lag. The authors could have been born the year Prospect Theory was published! The AER first cited it in 1982. In econ time that translates into immediately.
--Uri Simonsohn, Data Colada, on tribalism in economics