Description:
(Winner of 2002 Nobel Prize in Economics for His Work on the Psychology of Judgment and Decision-Making)
Daniel Kahneman was an Israeli-American psychologist and economist, noted worldwide for his work in psychology and behavioral economics. A recipient of the Nobel Memorial Prize in Economic Sciences, his research on cognitive biases, prospect theory, and behavioral economics was groundbreaking and highly influential. Educated in psychology, Kahneman began his academic career at his alma mater, the Hebrew University of Jerusalem. He later held important positions at various institutions, including the University of California, Berkeley, the University of British Columbia, and Princeton University. Trained as a research psychologist, he made groundbreaking contributions to economics despite not having a formal degree in the field. His work on prospect theory ultimately earned him the Nobel Memorial Prize in Economic Sciences. His contributions to psychology were immense. His research pioneered a new field that integrated economic analysis with fundamental insights from cognitive psychology, particularly regarding decision-making under uncertainty.
Birthday
March 5, 1934 (Pisces)
Born In
Israel
Died on
March 27, 2024
Spouse/Ex-
Anne Treisman
Parents
Who was Daniel Kahneman?
Daniel Kahneman was an Israeli-American psychologist known for his work in behavioral economics and cognitive psychology. He was a Nobel laureate in Economics for his pioneering work in the field of behavioral economics.
What is Daniel Kahneman's most famous book?
Daniel Kahneman's most famous book is "Thinking, Fast and Slow," which explores the cognitive biases and heuristics that influence decision-making processes.
What is the significance of Daniel Kahneman's research on decision-making?
Daniel Kahneman's research on decision-making significantly influenced the fields of psychology, economics, and public policy by highlighting the importance of cognitive biases and heuristics in shaping human behavior and decision-making processes.
How did Daniel Kahneman's work impact the field of economics?
Daniel Kahneman's work challenged traditional economic models by demonstrating that human decision-making is often irrational and influenced by cognitive biases. This led to the development of behavioral economics as a new approach to studying economic behavior.
What is the concept of
In Daniel Kahneman's work, "System 1" refers to fast, automatic, and intuitive thinking, while "System 2" refers to slow, deliberate, and analytical thinking. Understanding the interplay between these two systems is central to his research on decision-making and cognitive processes.