Nobel-winning economist and psychologist Daniel Kahneman dies at 90

Nobel-winning economist and psychologist Daniel Kahneman dies at 90

Daily Current Affairs   /   Nobel-winning economist and psychologist Daniel Kahneman dies at 90

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Category : Obituaries Published on: April 03 2024

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  • Renowned psychologist Daniel Kahneman, known for his groundbreaking work in behavioral economics, has passed away at 90.
  • Despite lacking formal training in economics, Kahneman's research earned him the Nobel Prize in Economic Sciences in 2002.
  • His work challenged traditional economic theories by revealing inherent biases in human decision-making processes.
  • Kahneman's concept of loss aversion, highlighting the psychological impact of losses compared to gains, has wide-ranging implications in fields like finance and psychology.
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