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Daniel Kahneman
Tel Aviv, Israel
Archival Overview
Pioneering Israeli-American cognitive psychologist whose revolutionary work with Amos Tversky on behavioral economics and cognitive biases earned him the 2002 Nobel Prize in Economics and resulted in Thinking, Fast and Slow.
Biographical Record
Daniel Kahneman (1934–2024) dismantled the foundational assumption of classical economics that human beings act as purely rational utility maximizers. Surviving the Holocaust in Nazi-occupied France as a child, Kahneman earned degrees in psychology and mathematics at the Hebrew University of Jerusalem and UC Berkeley.
Beginning in the late 1960s, Kahneman collaborated with cognitive psychologist Amos Tversky to uncover systematic errors in human judgment. Their formulation of \"Prospect Theory\" (1979) demonstrated how people irrationally evaluate risk and loss, establishing the field of behavioral economics.
In 2002, Kahneman became the first psychologist to be awarded the Nobel Prize in Economic Sciences. His 2011 international bestseller, Thinking, Fast and Slow, popularized the dichotomy between fast intuitive thought (System 1) and slow deliberate reasoning (System 2), fundamentally reshaping public policy, medicine, and business strategy.
Key Life Milestones
Publication of Prospect Theory
Co-authored the landmark Econometrica paper Prospect Theory: An Analysis of Decision under Risk, founding the discipline of behavioral economics.
Nobel Prize in Economic Sciences
Awarded the Nobel Prize in Economics for integrating psychological insights into economic science, particularly concerning human judgment and decision-making under uncertainty.
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Final Resting Place
Perpetual MemorialPrinceton, United States