Remembering Daniel Kahneman: A Mosaic of Memories and Lessons
The loss of Daniel Kahneman looms large over the behavioral sciences. The pathbreaking and Nobel-winning psychologist has died at the age of 90. His work deepened our understanding of how the mind works and how people make decisions. In doing so, it transformed the fields of psychology and economics. His research on biases and heuristics, conducted alongside his close collaborator Amos Tversky, challenged the dominant model of human behavior in economics, one in which people act as rational utility maximizers. Kahneman and Tversky showed that our judgments err in predictable ways (biases), and we often rely on mental shortcuts to make decisions (heuristics). ….[READ]
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