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Daniel Kahneman

Definition

Daniel Kahneman is an Israeli-American psychologist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences. His empirical findings challenge the assumption of human rationality prevailing in modern economic theory.

What is 'Daniel Kahneman'

A professor emeritus of psychology and public affairs at Princeton University and winner of the 2002 Nobel Prize in Economics, along with Vernon Smith, for his research on prospect theory, which deals with human judgment and decision making. Historically, economics has assumed that people act in their self-interest and make rational decisions. Kahneman's research combines psychology with economics to explore how people's behavior may depart from these assumptions.

Explaining 'Daniel Kahneman'

Born in Tel Aviv in 1934, Kahneman spent his early childhood in France, where he and his family had to escape repeatedly from the Nazis until they moved to Palestine. Kahneman has also taught at the Hebrew University of Jerusalem, the University of British Columbia and the University of California at Berkeley.


Further Reading


A psychological perspective on economics
www.aeaweb.org [PDF]
My first exposure to the psychological assumptions of economics was in a report that Bruno Frey wrote on that subject in the early 1970's. Its first or second sentence stated that the agent of economic theory is rational and selfish, and that his tastes do not change. I found …

The contributions of Daniel kahneman and Amos tverskyThe contributions of Daniel kahneman and Amos tversky
www.tandfonline.com [PDF]
My first exposure to the psychological assumptions of economics was in a report that Bruno Frey wrote on that subject in the early 1970's. Its first or second sentence stated that the agent of economic theory is rational and selfish, and that his tastes do not change. I found …

Maps of bounded rationality: Psychology for behavioral economicsMaps of bounded rationality: Psychology for behavioral economics
pubs.aeaweb.org [PDF]
My first exposure to the psychological assumptions of economics was in a report that Bruno Frey wrote on that subject in the early 1970's. Its first or second sentence stated that the agent of economic theory is rational and selfish, and that his tastes do not change. I found …

Psychologist Daniel Kahneman Wins 2002 Nobel Prize in Economics <span style=[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-XLXD200301000.htm' />Psychologist Daniel Kahneman Wins 2002 Nobel Prize in Economics [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-XLXD200301000.htm'>PDF]
My first exposure to the psychological assumptions of economics was in a report that Bruno Frey wrote on that subject in the early 1970's. Its first or second sentence stated that the agent of economic theory is rational and selfish, and that his tastes do not change. I found …

Anomalies: The endowment effect, loss aversion, and status quo biasAnomalies: The endowment effect, loss aversion, and status quo bias
www.aeaweb.org [PDF]
My first exposure to the psychological assumptions of economics was in a report that Bruno Frey wrote on that subject in the early 1970's. Its first or second sentence stated that the agent of economic theory is rational and selfish, and that his tastes do not change. I found …

Behavioural economics perspectives: Implications for policy and financial literacyBehavioural economics perspectives: Implications for policy and financial literacy
papers.ssrn.com [PDF]
My first exposure to the psychological assumptions of economics was in a report that Bruno Frey wrote on that subject in the early 1970's. Its first or second sentence stated that the agent of economic theory is rational and selfish, and that his tastes do not change. I found …

Developments in the measurement of subjective well-beingDevelopments in the measurement of subjective well-being
www.aeaweb.org [PDF]
My first exposure to the psychological assumptions of economics was in a report that Bruno Frey wrote on that subject in the early 1970's. Its first or second sentence stated that the agent of economic theory is rational and selfish, and that his tastes do not change. I found …



Q&A About Daniel Kahneman


When was he born?

He was born in Tel Aviv in 1934.

Where did Kahneman grow up?

He grew up in France, where his family had to escape from the Nazis repeatedly until they moved to Palestine.

What is Kahneman's profession?

Kahneman is a professor emeritus of psychology and public affairs at Princeton University.

What does prospect theory deal with?

Prospect theory deals with human judgment and decision making.

Who did Kahneman teach with?

He has also taught at the Hebrew University of Jerusalem, the University of British Columbia and the University of California at Berkeley.

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