Daniel Kahneman, Who Plumbed the Psychology of Economics, Dies at 90
Psychologist Daniel Kahneman, known for contributions to behavioral economics and exposing mental biases in decision-making, has died at 90.
- Bilawal Riaz
- 1 min read
Renowned psychologist and Nobel laureate Daniel Kahneman has passed away at the age of 90. Despite never studying economics, Kahneman made significant contributions to the field through his work on behavioral economics in the 1970s. Alongside colleague Amos Tversky, Kahneman’s research exposed inherent mental biases that affect decision-making, challenging the traditional notion of human rationality in economic theory. Kahneman’s insights into human judgment and cognitive errors have had far-reaching implications, influencing areas such as medical malpractice, political negotiations, and talent evaluation in sports. His work emphasized the importance of understanding these biases in order to make better decisions personally and societally.
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- Kahneman
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- Amos Tversky