Daniel KahnemanBorn 5 Mar 1934.American psychologist (born in Tel Aviv, now in Israel) who was awarded a share of the Nobel Prize in Economics in 2002 "for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty." Since there is no Nobel Prize, per se, for psychology, he was only the second psychologist to become a Nobel Laureate. He pioneered theories of behavioral finance, which integrates economics and cognitive science to explain seemingly irrational risk management behavior in human beings. He collaborated with Amos Tversky and others in establishing a cognitive basis for common human errors using heuristics and in developing the Prospect Theory. |
