Nobelist Daniel Kahneman, a pioneer of behavioral economics, is dead at 90
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Daniel Kahneman, a psychologist and Nobel Prize winner in economics, has died at the age of 90. Kahneman, along with his collaborator Amos Tversky, revolutionized the field of economics by challenging the assumption that people are rational actors in decision-making. Their research focused on the influence of neurological biases on decision-making processes. Kahneman's best-selling book 'Thinking, Fast and Slow' explained their findings to a wider audience. One of their key insights was the phenomenon of 'loss aversion,' which explains why people react more strongly to losses than to equivalent gains. Kahneman received the Nobel Prize in economics in 2002 for his contributions to the field of behavioral economics. His partner, Barbara Tversky, confirmed his death but did not disclose the cause or location. Kahneman and Tversky began their partnership in 1969 and made significant contributions to the study of decision-making over several decades.
#DanielKahneman #BehavioralEconomics #NobelPrize #Decisionmaking #LossAversion
https://thehill.com/homenews/ap/ap-u-s-news/ap-nobelist-daniel-kahneman-a-pioneer-of-behavioral-economics-is-dead-at-90/
The Hill /
npub1uf…vwj43
2024-03-28 03:47:49
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npub1uf9ht809jfjawes35uqsxnj7hyjqsdyxypewh4d869swy74vldeq0vwj43Published at
2024-03-28 03:47:49Event JSON
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"content": "Nobelist Daniel Kahneman, a pioneer of behavioral economics, is dead at 90\n==========\n\nDaniel Kahneman, a psychologist and Nobel Prize winner in economics, has died at the age of 90. Kahneman, along with his collaborator Amos Tversky, revolutionized the field of economics by challenging the assumption that people are rational actors in decision-making. Their research focused on the influence of neurological biases on decision-making processes. Kahneman's best-selling book 'Thinking, Fast and Slow' explained their findings to a wider audience. One of their key insights was the phenomenon of 'loss aversion,' which explains why people react more strongly to losses than to equivalent gains. Kahneman received the Nobel Prize in economics in 2002 for his contributions to the field of behavioral economics. His partner, Barbara Tversky, confirmed his death but did not disclose the cause or location. Kahneman and Tversky began their partnership in 1969 and made significant contributions to the study of decision-making over several decades.\n\n#DanielKahneman #BehavioralEconomics #NobelPrize #Decisionmaking #LossAversion\n\nhttps://thehill.com/homenews/ap/ap-u-s-news/ap-nobelist-daniel-kahneman-a-pioneer-of-behavioral-economics-is-dead-at-90/",
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