Daniel Kahneman is dead: the quick, slow thinker
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Psychologist Daniel Kahneman has died at the age of 90. He received the Nobel Prize in Economics for his research into how people deal with money.
Not only did he get the Nobel Prize: Daniel Kahneman is awarded the Presidential Medal of Freedom by Barack Obama Photo: AP Photo/Evan Vucci
WASHINGTON afp | The US-Israeli psychologist Daniel Kahneman, who was awarded the Nobel Prize in Economics for his studies on how people deal with money, has died at the age of 90. The US elite University of Princeton, where Kahneman taught until his death, announced this on Wednesday.
The author of the bestselling book “Thinking Fast, Thinking Slow” argued that people’s behavior is not based on a rational decision-making process, but often on instinctive action.
Kahneman’s former colleague Eldar Shafir said in a press release about the deceased: “Many areas of the social sciences have not been the same since he came onto the scene. We will miss him very much.”
Kahneman was awarded the Alfred Nobel Memorial Prize in Economics in 2002 for his research in psychology and economics. In 2013, he was awarded the Presidential Medal of Freedom by then US President Barack Obama.
His most popular theory challenged traditional economic approaches that held that people are completely rational and self-interested. Instead, he argued that people have mental biases that can distort their judgment.
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