Main / Authors

Daniel Kahneman - Biography

Kahneman is a name associated with a revolution in understanding human psychology and decision-making. His work in behavioral economics and psychology won him the Nobel Prize and made him one of the most influential scientists of our time. Let's delve into Kahneman's biography and consider his contributions to the world of science.

Daniel was born on March 5, 1934 in Tel Aviv, Palestine (now Israel). His early years were marked by the influence of war and difficult conditions, but this did not prevent him from developing as an intelligent and inquisitive child. He later served in the Israeli Army and then moved to the United States to continue his education.

Daniel received his bachelor's degree from Harvard, where he began to take an interest in psychology. His teaching activities led him to a doctoral program at the University of Michigan, where he first began researching decision-making and the psychological aspects of economics.

One of Daniel's key achievements was his work in the field of "prospective and loss." He and his colleague Amos Tversky developed concepts related to how people assess risks and make decisions under uncertainty. Their research has shown that the human mind is prone to systematic distortion when assessing the probability and cost of losses and gains. These distortions became known as the "Kahneman-Tversky effects" and became the foundation for a new field - behavioral economics.

Daniel Kahneman also contributed to the understanding of the concept of "preframing" (reformulation), where the way information is presented affects decision-making. His research investigated how different formulations affect people's choices, and how this could be used in favor of better solutions.

In 2002, Daniel was awarded the Nobel Prize in Economics for his outstanding contribution to understanding decision-making amid uncertainty and research in behavioral economics. This prize confirmed the importance of his work and gave new impetus to the development of behavioral economics.