Submitted by comrax on Wed, 30/01/2013 - 13:19
Professor Daniel Kahneman
Winner of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2002
Prof. Kahneman won the Nobel Prize in Economics for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty. He shared the prize with Prof. Vernon L. Smith of George Mason University in Virginia.
He earned his bachelor’s degree in psychology and mathematics (1954) from the Hebrew University of Jerusalem. He is a fellow of the Center for the Study of Rationality at the Hebrew University and formerly was a member of the University’s Department of Psychology. He is a professor emeritus at Princeton University.
Prof. Kahneman laid the foundations for a new field of research, and his essential findings are connected with decision-making under conditions of uncertainty. He showed how those decisions may systematically depart from those predicted by standard economic theory, which explained people’s behavior as based on a rational decision-making process. His work influenced others in the arrears of economics and finance and advanced economic theory through the usage of cognitive psychology. Prof. Kahneman developed his theory years ago with a colleague and friend at the Hebrew University, Psychology Prof. Amos Tversky.
Prof. Kahneman was born in Tel Aviv in 1934. After earning his bachelor’s degree in psychology at the Hebrew University he earned a doctorate at the University of California, Berkeley. With his return to Israel in 1961 he joined the Department of Psychology at the Hebrew University, retiring with the rank of professor in 1978. Prof. Kahneman regularly visits the Center for Rationality at the Hebrew University and is involved in its activities.