Daniel Kahneman, Nobel Laureate and Behavioral Economics Pioneer, Dies at 90
Kahneman's groundbreaking research revolutionized the understanding of human decision-making, leaving a lasting legacy in economics and psychology.
- Daniel Kahneman, renowned for his pioneering work in behavioral economics, passed away at the age of 90.
- Kahneman's research, in collaboration with Amos Tversky, challenged the assumption of human rationality in decision-making, laying the groundwork for behavioral economics.
- He was awarded the Nobel Prize in Economics in 2002 for his contributions, which include the development of prospect theory.
- Kahneman's bestselling book, 'Thinking, Fast and Slow,' popularized his insights on cognitive biases and decision-making processes.
- His work has had a profound impact on various fields, including economics, psychology, and public policy.