Daniel Kahneman is an Israeli-American psychologist and Nobel Laureate who revolutionized the field of cognitive psychology with his groundbreaking research on decision-making and human behavior. Kahneman was born in Tel Aviv, Israel, in 1934 and immigrated to France with his family at the age of 12. He studied psychology at the Hebrew University of Jerusalem, where he earned his Ph.D. in 1961.
Throughout his career, Kahneman has conducted research on how people make decisions and the biases that lead to errors in judgment. He is best known for developing the Prospect Theory, which suggests that people tend to be risk-averse when considering gains and risk-prone when considering losses. His work has also focused on the role of intuition and emotion in decision-making, as well as the effect that cognitive biases can have on our interpretations of the world.
Kahneman is the author of several influential books, including Thinking, Fast and Slow, which has become a bestseller and has been translated into more than 35 languages. His other books include Attention and Effort (1973), Maps of Bounded Rationality (1982), and Choices, Values, and Frames (2000). He has also been a prolific researcher, publishing more than 200 papers in scientific journals and several popular books.
In 2002, Kahneman was awarded the Nobel Memorial Prize in Economic Sciences for his pioneering work in psychology, which has had a profound impact on economics, finance, and other disciplines. He is also a recipient of the Presidential Medal of Freedom and the National Medal of Science. Today, he is a professor emeritus at Princeton University and a senior scholar at the Woodrow Wilson School of Public and International Affairs.
Kahneman's research has had a major influence on the study of decision-making, economics, and other fields of psychology. His work has been cited more than 10,000 times, and his influence has been felt in many aspects of life, from the way we make decisions to the way we design policies. He has been called the "father of behavioral economics" and has shown us that our decisions are often not as rational as we think they are.
In addition to his research, Kahneman has been a longtime advocate for the application of psychological principles to social and economic policy. His work has shed light on how we can make more effective decisions, from the individual level to the global level.