Remembering Daniel Kahneman: A Tribute to the Nobel Laureate’s Pioneering Work in Behavioral Economics

Nobel Prize-winning Israeli-American psychologist Daniel Kahneman dies in the United States

Israeli-American psychologist Daniel Kahneman, who was awarded the Nobel Prize in Economics in 2002 for his groundbreaking studies on judgment and decision-making under uncertainty, passed away on March 27 at the age of 90. His stepdaughter Deborah Treisman confirmed the news but did not provide further details about the circumstances of his death.

Kahneman was born in Tel Aviv in 1934 and graduated from the Hebrew University of Jerusalem with a bachelor’s degree in mathematics and psychology in 1954. He later went on to work in the Israeli Defense Forces in the psychological unit, where he developed questionnaires to evaluate conscripts’ personalities. In 1958, he moved to the United States to pursue his PhD in psychology at the University of California, Berkeley, while also maintaining a strong connection with Israel and working at the Hebrew University.

Kahneman’s pioneering work helped shape behavioral economics by combining insights from psychology and economics to understand how people make decisions under uncertainty. His studies have had far-reaching implications for fields such as finance, marketing, and public policy. Despite being a psychologist by training, Kahneman was recognized as one of the foremost experts on economic theory and was awarded the Nobel Prize for his innovative applications of psychological insights to economic theories.

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