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Daniel Kahneman
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Daniel Kahneman

Daniel Kahneman (born 1934 in Tel Aviv, Israel) is a key theorist of behavioral finance and prospect theory, which integrates economics and cognitive science to explain seemingly irrational risk management behavior in human beings. Famous for collaboration with Amos Tversky and others which established a cognitive basis for common human errors using heuristics and developed prospect theory.

Kahneman received his B.Sc. in Mathematics and Psychology from the Hebrew University in Jerusalem in 1954, and his Ph.D. in Psychology from the University of California, Berkeley in 1961.

Currently a faculty member at Princeton University and a fellow at Hebrew University, he is the winner of the 2002 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (erroneously known as the Nobel Prize in Economics), despite being a research psychologist and not an economist.

Notable contributions

External links