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.