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  2. Prospect theory - Wikipedia

    en.wikipedia.org/wiki/Prospect_theory

    Daniel Kahneman, who won the 2002 Nobel Memorial Prize in Economics for his work developing prospect theory. Prospect theory is a theory of behavioral economics, judgment and decision making that was developed by Daniel Kahneman and Amos Tversky in 1979. [1] The theory was cited in the decision to award Kahneman the 2002 Nobel Memorial Prize in ...

  3. Daniel Kahneman - Wikipedia

    en.wikipedia.org/wiki/Daniel_Kahneman

    Daniel Kahneman (/ ˈ k ɑː n ə m ə n /; Hebrew: דניאל כהנמן; March 5, 1934 – March 27, 2024) was an Israeli-American psychologist best known for his work on the psychology of judgment and decision-making as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences together with Vernon L. Smith.

  4. Amos Tversky - Wikipedia

    en.wikipedia.org/wiki/Amos_Tversky

    His early work with Daniel Kahneman focused on the psychology of prediction and probability judgment; later they worked together to develop prospect theory, which aims to explain irrational human economic choices and is considered one of the seminal works of behavioral economics. Six years after Tversky's death, Kahneman received the 2002 Nobel ...

  5. Nobelist Daniel Kahneman, a pioneer of behavioral economics ...

    lite.aol.com/news/story/0001/20240328/cda8ff04b...

    Tversky, herself a Stanford University emerita professor of psychology, said the family is not disclosing the location or cause of death. Kahneman's decades-long partnership with Tversky began in 1969 when the two collaborated on a paper analyzing researcher intuitions about statistical methods in their work.

  6. Nobelist Daniel Kahneman, a pioneer of behavioral economics ...

    www.aol.com/news/nobelist-daniel-kahneman...

    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 ...

  7. Daniel Kahneman's Biggest Question About Behavioral ... - AOL

    www.aol.com/news/2013-05-14-daniel-kahnemans...

    Last month, I interviewed psychologist Daniel Kahneman, who won the Nobel Prize in economics in 2002 and recently authored the book Thinking, Fast and Slow. Kahneman has been a pioneer in the ...

  8. Cumulative prospect theory - Wikipedia

    en.wikipedia.org/wiki/Cumulative_prospect_theory

    Daniel Kahneman. In behavioral economics, cumulative prospect theory (CPT) is a model for descriptive decisions under risk and uncertainty which was introduced by Amos Tversky and Daniel Kahneman in 1992 (Tversky, Kahneman, 1992). It is a further development and variant of prospect theory.

  9. Anchoring effect - Wikipedia

    en.wikipedia.org/wiki/Anchoring_effect

    Tversky and Kahneman [75] suggest that the anchoring effect is the product of anchoring and adjustment heuristics whereby estimates are made starting from an anchor value which is then adjusted in until the individual has reached an answer. Kahneman suggests that anchoring occurs from derivations from anchor-consistent knowledge.