Daniel Kahneman, Nobel Prize-Winning Psychologist and Pioneer of Behavioral Economics, Dies at 90

Daniel Kahneman, Nobel Prize-Winning Psychologist and Pioneer of Behavioral Economics, Dies at 90

Daniel Kahneman, Nobel Prize-Winning Psychologist and Pioneer of Behavioral Economics, Dies at 90

Daniel Kahneman, Nobel Prize-Winning Psychologist and Pioneer of Behavioral Economics, Dies at 90

Daniel Kahneman, the renowned psychologist whose groundbreaking theories in behavioral economics revolutionized the field, has passed away at the age of 90. His insights, particularly elucidated in his bestselling book “Thinking, Fast and Slow,” challenged conventional wisdom by arguing against the notion of rational decision-making, asserting instead that human behavior is often driven by instinct and cognitive biases.

Kahneman’s employer, Princeton University, where he worked until his death, confirmed his passing in a statement on its website. Colleagues and peers hailed Kahneman as a transformative figure whose contributions left an indelible mark on the social sciences. Prof. Eldar Shafir, a former colleague, noted that many areas of research have been profoundly influenced by Kahneman’s work and lamented his loss, stating, “He will be greatly missed.”

In 2002, Kahneman was awarded the Nobel Memorial Prize in Economic Sciences for his pioneering research at the intersection of psychology and economics. Alongside his longtime collaborator Amos Tversky, Kahneman challenged the traditional economic model of rational decision-making, demonstrating instead the pervasive influence of cognitive biases and heuristics in shaping human choices.

Born in Tel Aviv, Kahneman served in the Israeli national service in the 1950s before embarking on his illustrious academic career. His partner, Barbara Tversky, widow of Amos Tversky and an esteemed psychology professor at Stanford University, declined to disclose the details of Kahneman’s passing.

Regarded by many as the most influential living psychologist, Kahneman’s impact extended far beyond academia. He transformed our understanding of human behavior and decision-making, inspiring generations of scholars and practitioners across disciplines.

Reflecting on his unexpected fame, Kahneman once remarked, “I had limited ambitions, I didn’t aspire to great success.” Despite his modesty, he leaves behind a profound legacy that has shaped our understanding of the human mind and behavior. As the world mourns his loss, Kahneman’s contributions continue to inspire and influence our understanding of the complex interplay between psychology and economics.

With contributions from Agence France-Presse and Associated Press, the passing of Daniel Kahneman marks the end of an era, yet his intellectual legacy will endure as a beacon of insight and innovation for generations to come.

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