Economists
Daniel Kahneman
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Daniel Kahneman was an Israeli-American psychologist who shared the 2002 Nobel Memorial Prize in Economic Sciences with Vernon L. Smith for integrating insights from psychology into economics, particularly regarding human judgment and decision making under uncertainty. With Amos Tversky, Kahneman developed prospect theory, one of the most cited frameworks in economics, describing how people actually evaluate potential gains and losses rather than how a purely rational actor would. His 2011 book Thinking, Fast and Slow brought this research to a wide public audience and helped establish behavioral economics as a major field within the discipline.
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Associated With
Amos Tversky, Economists Their first direct edge to each other on this atlas; both already carry a shared associated-with-school edge to Behavioral Economics and a shared attributed-to edge from Loss Aversion, but nothing joined them directly until now. Co-developed prospect theory (1979) and shared the 2002 Nobel work.
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Concepts Originated
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1. Wikipedia
1. Wikipedia
1. Wikipedia
Wikimedia FoundationAssociated With School: Behavioral EconomicsView the Source 1. Wikipedia
Wikimedia FoundationAssociated With: Amos Tversky, Amos Tversky, Nobel Prize and legacy sectionQuote, Associated With: Amos Tversky, Amos Tversky, Nobel Prize and legacy section
It is a joint prize. We were twinned for more than a decade.
View the Source The New Palgrave Dictionary of Economics
Palgrave MacmillanKahneman, Daniel
Prospect Theory: An Analysis of Decision under Risk
Daniel Kahneman and Amos Tversky, 1979Concepts Originated: Loss Aversion
Prospect Theory: An Analysis of Decision under Risk
Daniel Kahneman and Amos Tversky, 1979Concepts Originated: Loss Aversion, Section 4Quote, Concepts Originated: Loss Aversion, Section 4
Kahneman and Tversky's 1979 prospect theory paper documented that losses loom larger than equivalent gains in people's decisions under risk.
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