Nothing in his early life suggested that Daniel Kahneman, who died last week at the age of 90, would eventually win a Nobel Prize in economics. To start, the 2002 Nobel laureate was trained in another ...
During my Ph.D. studies, I recall focusing on reconceptualising what we know of as critical thinking to include reflective judgment (not jumping to conclusions and taking your time in your ...
About 40 years ago Danny Kahneman and Amos Tversky made some wonderful discoveries. They identified a set of heuristics that people use — availability, representativeness, anchoring and adjustment, ...
It's a piece of advice we might take in deciding, say, whether to pursue a romance. But business decisions? Too subjective, right? Wrong. Or, more precisely, it depends. That's the upshot of work ...
Kahneman and Tversky identified about 20 separate cognitive biases that fuel heuristics and distort decisions. Perhaps most pertinent to investor behavior was Kahneman and Tversky's landmark 1979 ...
Kahneman is an Israeli-American who is well known for his work with psychologist Amos Tversky. He is particularly known for his theory showing that some people's judgments about uncertain events are ...
In 1971, Daniel Kahneman and Amos Tversky, psychology professors at the Hebrew University of Jerusalem at the time, began a sabbatical year at the Oregon Research Institute. The two Israelis, both in ...
When it comes to answering difficult questions, well-built artificial intelligence will always have us beat. That was a key takeaway from a conversation between economist Daniel Kahneman and MIT ...
What was most interesting for me about Kahneman’s work was not the framework of Prospect Theory nor the nuances of loss aversion, but the world of heuristics, the short-cuts that the brain takes while ...
If you’re an 80s person like me, heuristics might make you think of that British band that sang "Sweet Dreams are made of This." That’s Eurythmics, not heuristics! Daniel Kahneman and Amos Tversky ...