Nobel Prize winner Daniel Kahneman has passed away.
New Delhi
CNN
—
Daniel Kahneman, who won the Nobel Prize for his pioneering theories in behavioral economics, has died. He was 90 years old.
The Israeli-American psychologist died peacefully on Wednesday, according to a statement from Princeton University, where he was on the faculty in 1993. The cause of death has not been disclosed.
Kahneman also wrote a best-selling book. Think fast or slow, helped It debunks the concept that people's behavior is often based on instinct rather than being driven by rational decision-making.
“Danny was a giant in this field,” Eldar Shafir, a former colleague at Princeton University, said in a statement. “Many areas of social science have not changed at all since he arrived on the scene. He will be greatly missed.”
Kahneman was born in Tel Aviv in 1934, but his French parents returned to their hometown in Paris when he was three months old.
Six years later, as Kahneman was finishing first grade, the Nazis invaded France and his family was forced to wear a yellow star to mark the mass deportation of Jews to concentration camps.
His father, a research chemist, was taken away but later released, and the family fled to unoccupied France, where they spent the remainder of the war in hiding. His father died in 1944, and two years later, at the age of 12, Kahneman immigrated to British Palestine with his mother just before the creation of Israel.
Kahneman studied mathematics and psychology at the Hebrew University of Jerusalem and received his Ph.D. At Berkeley, he studies statistics, visual psychology, why things look the way they do, and how people interact in groups.
He then returned to the Hebrew University at the age of 27, teaching statistics and psychology, and began a famous partnership with Amos Tversky, also a professor of psychology at the Hebrew University.
In 2002, six years after Tversky's death, Kahneman was awarded the Nobel Prize in Economics for modeling how intuitive reasoning is predictably flawed.
Kahneman integrated the insights of psychology into economics, especially regarding human judgment and decision-making under uncertainty.Royal Swedish Academy of Sciences said in a quote from the time.
