#danielkahneman #kahneman #cognitivebias #Bias #Anchoringbias
Daniel Kahneman (1934-2024), a Nobel laureate in economics and psychologist, is renowned for his work in behavioural economics and decision-making. A great personality he died on 27th March 2024.
This video is a short tribute to his timeless work.
Collaborating with Amos Tversky, he developed Prospect Theory, unveiling cognitive biases in decision-making. Kahneman's research shows how individuals often rely on heuristics, leading to systematic errors in judgment.
Awarded the Nobel Prize in Economic Sciences in 2002, his book "Thinking, Fast and Slow" offers insights into human behaviour and decision-making. His work has profoundly influenced fields like economics, psychology, and neuroscience, challenging traditional models of rationality.