The Israeli-American’s first book, Thinking, Fast and Slow, was a worldwide bestseller with revolutionary ideas about human error and bias
Daniel Kahneman, a psychologist who pioneered theories in behavioural economics that heavily influenced the discipline, and won him a Nobel prize, has died at age 90., argued against the notion that people’s behaviour is rooted in a rational decision-making process – rather that it is often based on instinct.Kahneman’s employer, Princeton University, where the Israeli-American academic worked until his death, confirmed his death on Wednesday in a statement on its website.
“Many areas in the social sciences simply have not been the same since he arrived on the scene,” Prof Eldar Shafir, a former colleague, said in a press release. “He will be greatly missed.” In 2002, Kahneman was awarded the Nobel memorial prize in economic sciences in recognition for his research in the fields of psychology and economics., Kahneman’s most popular theory opposed traditional economic approaches that people were fully rational and self-interested.“I had limited ambitions, I didn’t aspire to great success,” Kahneman“I’m quite capable of great enjoyment, and I’ve had a great life.
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