Nobel-winning psychologist Daniel Kahneman passes away, leaving behind a legacy in behavioral economics

By Eleanor Harrison Mar27,2024
Nobel Prize-winning Israeli-American psychologist Daniel Kahneman dies in the United States

Renowned Israeli-American psychologist Daniel Kahneman passed away on March 27 at the age of 90 in the United States. 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 was recognized as one of the pioneers of behavioral economics and was honored with the Nobel Prize in Economics for his groundbreaking studies on judgment and decision-making under conditions of uncertainty, such as his collaboration with Vernon Smith. Despite being a psychologist, not an economist, Kahneman was awarded the Economics Prize for his innovative applications of psychological insights to economic theories.

Kahneman’s legacy will continue to be felt by those who were inspired by his work and contributions to behavioral economics.

By Eleanor Harrison

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