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Daniel Kahneman

Historical Figure

Daniel Kahneman

1934–2024

Israeli-American psychologist and economist (1934–2024)

Interwar & WWII

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"Lex Fridman Podcast on Thinking Fast and Slow" — January 14, 2020

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Biography

Daniel Kahneman was an Israeli-American psychologist best known for his work on the psychology of judgment and decision-making as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences together with Vernon L. Smith. Kahneman's published empirical findings challenge the assumption of human rationality prevailing in modern economic theory. Kahneman became known as the "grandfather of behavioral economics."

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Timeline

The story of Daniel Kahneman, told in moments.

1961 Life

Completed his Ph.D. in psychology at Berkeley, then returned to Israel. He taught at Hebrew University, where he met psychologist Amos Tversky. Their partnership lasted decades and rewrote economics.

1979 Event

Published prospect theory with Tversky. The paper demonstrated that people fear losses roughly twice as much as they value equivalent gains. It became the most cited paper in economics.

2002 Event

Won the Nobel Prize in Economics, the first psychologist to do so. Tversky had died six years earlier and couldn't share the award. Kahneman said he thought of it as theirs.

2011 Event

Published Thinking, Fast and Slow, which sold over two million copies. The book described two systems of thought: fast intuition and slow deliberation.

2024 Death

Died at 90. He had spent his career proving how badly people reason about risk, probability, and happiness.

In Their Own Words (20)

You should inform your gut and then trust it.

Discussion at Harvard - Dec 3, 2021https://news.harvard.edu/gazette/story/2021/12/daniel-kahneman-on-how-to-influence-others/https://news.harvard.edu/gazette/story/2021/12/daniel-kahneman-on-how-to-influence-others/, 2021

The first advice is to slow down, and not follow your first impulses.

Discussion at Harvard - Dec 3, 2021https://news.harvard.edu/gazette/story/2021/12/daniel-kahneman-on-how-to-influence-others/, 2021

No one ever made a decision because of a number. They need a story.

Michael Lewis. "The Undoing Project: A Friendship that Changed the World". Penguin, 2016 (ISBN 9780141983035)., 2016

The lesson is clear: estimates of causes of death are warped by media coverage. [...] The world in our heads is not a precise replica of reality; our expectations about the frequency of events are distorted by the prevalence and emotional intensity of the messages to which we are exposed.

Ch. 13, "Availability, emotion, and risk" p. 138., 2011

A recurrent theme of this book is that luck plays a large role in every story of success; it is almost always easy to identify a small change in the story that would have turned a remarkable achievement into a mediocre outcome.

Introduction, p. 9., 2011

Artifacts (15)

Well-Being: Foundations of Hedonic Psychology

The nature of well-being is one of the most enduring and elusive subjects of human inquiry. Well-Being draws upon the latest scientific research to transform our understanding of this ancient...

1999

Heuristics and Biases: The Psychology of Intuitive Judgement

"Judgment pervades human experience. Do I have a strong enough case to go to trial? Will the Fed change interest rates? Can I trust this person? This book examines how, and how well, people answer...

2002

International Differences in Well-Being

This book brings together the best of current global research on the measurement and understanding of international differences in well-being

2010

Thinking, Fast and Slow

NEW YORK TIMES BESTSELLER The guru to the gurus at last shares his knowledge with the rest of us. Nobel laureate Daniel Kahneman's seminal studies in behavioral psychology, behavioral economics, and...

2011

Thinking, Fast and Slow . . . in 30 minutes: The Expert Guide

Thinking, Fast and Slow ...in 30 minutes is the essential guide to quickly understanding the important lessons on decision-making outlined in the New York Times best seller Thinking, Fast and Slow. In...

2013

On Negotiation

Learn how to be strategic and formidable in all aspects of negotiation--from reading the room, to staying cool, to achieving the best outcome. If you read nothing else on negotiation, read these 10...

2019

Thinking, Fast and Slow (Cover Baru)

Daniel Kahneman adalah salah satu pemikir paling penting abad ini. Gagasannya berdampak mendalam dan luas di berbagai bidangÑtermasuk ekonomi, pengobatan, dan politik. Dalam buku yang sangat...

2020

Noise: A Flaw in Human Judgment

NEW YORK TIMES BESTSELLER From the Nobel Prize-winning author of Thinking, Fast and Slow and the coauthor of Nudge, a revolutionary exploration of why people make bad judgments and how to make better...

2021

one of the most considerate, kind and humble artists in our industry.

ad of Sony Music UK and Ronson's UK label Columbia Records, hailed Ronson as "a true gentleman" and "one of the most considerate, kind and humble artists in our industry." He added, "the monumental...

Works Talk

HBR's 10 Must Reads on Negotiation (with bonus article "15 Rules for Negotiating a Job Offer" by Deepak Malhotra)

Learn to be a better negotiator--and achieve the outcomes you want. If you read nothing else on how to negotiate successfully, read these 10 articles. We've combed through hundreds of Harvard Business...

2019

Judgement and Choice: Perspectives on the Work of Daniel Kahneman: A Special Issue of Thinking and Reasoning

The work of Daniel Kahneman and Amos Tversky has transformed the study of judgment and decision-making, and penetrated related disciplines such as economics, finance, marketing, law and medicine. In...

2020

the monumental success of Uptown Funk is so thoroughly deserved and has establis...

n as "a true gentleman" and "one of the most considerate, kind and humble artists in our industry." He added, "the monumental success of Uptown Funk is so thoroughly deserved and has established...

Works Talk

Attention and Effort

1973

Conflict Resolution: A Cognitive Perspective

1993

Zoolander

2001
Works Talk

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