Nobel Prize Winner Daniel Kahneman Dies at 90

Daniel Kahneman, the Nobel Prize-winning psychologist known for his groundbreaking work in behavioral economics, passed away at the age of 90. Kahneman, alongside his collaborator Amos Tversky, challenged traditional economic theories by introducing the concept of human irrationality into decision-making processes.

Throughout his career, Kahneman held academic positions at prestigious institutions like Princeton University and was awarded the Nobel Prize in 2002 for his contributions to the field of economics.

His influential book ‘Thinking, Fast and Slow’ delved into the intricacies of human decision-making, shedding light on the dual processes of the mind that influence our choices.

Kahneman’s legacy is further cemented by his receipt of the Presidential Medal of Freedom in 2013, recognizing his profound impact on reshaping how we understand economics and psychology.

His research with Amos Tversky on the irrational tendencies in human behavior laid the foundation for the emergence of behavioral economics, a field dedicated to studying the psychological factors that influence financial decisions.