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Daniel Kahneman

Born: 5-Mar-1934
Birthplace: Tel Aviv, Israel

Gender: Male
Religion: Jewish
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Psychologist

Nationality: United States
Executive summary: The psychology of economics

Military service: Israel Defense Forces (1954-56)

Israeli-American Psychologist Daniel Kahneman and his friend and collaborator Amos Tversky applied theories of cognitive psychology to economic forecasting, showing that most people eschew complex analysis and instead make economic decisions based on hunches, mood, heuristic shortcuts, or dogmatic rules-of-thumb. Their work has sometimes been disdainfully dismissed as "the psychology of stupidity", but Kahneman describes it more accurately as being concerned with "the susceptibility to erroneous intuitions of intelligent, sophisticated, and perceptive individuals". Mingling economics, psychology, and philosophy, Kahneman and Tversky showed that individual economic decisions are often made irrationally, a relevant finding for modern behavioral finance and hedonic psychology. Tversky died in 1996, but Kahneman won the Nobel Prize in Economics in 2002 for their work, sharing the honor with Vernon L. Smith.

Wife: Anne Treisman (psychologist)

    University: BS Psychology, Hebrew University (1954)
    University: PhD Psychology, UC Berkeley (1961)
    Teacher: Psychology, Hebrew University (1961-70)
    Teacher: Psychology, University of Michigan (1965-66)
    Professor: Psychology, Hebrew University (1970-77)
    Professor: Stanford University (1977-78)
    Professor: Psychology, University of British Columbia (1978-86)
    Professor: Psychology, UC Berkeley (1986-94)
    Professor: Psychology, Princeton University (1993-)
    Professor: Public Affairs, Princeton University (1993-)

    Nobel Prize for Economics 2002 (with Vernon L. Smith)
    American Academy of Arts and Sciences
    Econometric Society
    The Gallup Organization Senior Scientist
    National Academy of Sciences
    Naturalized US Citizen
    Jewish Ancestry
    Lithuanian Ancestry

Official Website:
http://www.wws.princeton.edu/faculty/kahneman.html

Author of books:
Attention and Effort (1973)
Judgment under Uncertainty: Heuristics and Biases (1982, with Paul Slovic and Amos Tversky)
Well-Being: The Foundations of Hedonic Psychology (1999, with Ed Diener and Norbert Schwarz)
Choices, Values, and Frames (2000, with Amos Tversky)
Heuristics and Biases: The Psychology of Intuitive Judgment (2002, with Thomas Gilovich and Dale Griffin)


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