Daniel Kahneman

Daniel Kahneman was an Israeli-American psychologist whose work with Amos Tversky documented systematic deviations from expected utility, earning him the 2002 Nobel in Economics.

  • Heuristics and biases program: availability, representativeness, anchoring
  • System 1 / System 2: fast intuitive judgments vs slow deliberate reasoning, packaged in Thinking, Fast and Slow
  • Prospect theory with Tversky: losses loom larger than gains, risk-averse for gains but risk-seeking for losses, probabilities weighted nonlinearly