Nobelist Daniel Kahneman, a pioneer of behavioral economics, is dead at 90

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Nobelist Daniel Kahneman, a pioneer of behavioral economics, is dead at 90
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Daniel Kahneman, a psychologist who won a Nobel Prize in economics for his insights into how ingrained neurological biases influence decision making, has died

Daniel Kahneman, a psychologist who won a Nobel Prize in economics for his insights into how ingrained neurological biases influence decision making, died Wednesday at the age of 90. Kahneman’s partner, Barbara Tversky — the widow of Amos Tversky — confirmed his death to The Associated Press. Tversky, herself a Stanford University emerita professor of psychology, said the family is not disclosing the location or cause of death.

The kicker: This fact didn't dent the group's confidence in its own judgments, which seemed intuitively obvious — and yet also continued to fail at predicting leadership potential. “It was the first cognitive illusion I discovered,” Kahneman later wrote. He coined the phrase “ the illusion of validity ” to describe the phenomenon.

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