Remembering Nobel Laureate Daniel Kahneman: Groundbreaking Research in Economics and Psychology

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Kahneman, an Israeli-American psychologist, won the Nobel Prize in Economics in 2002 • His research is considered groundbreaking in the fields of judgment and decision-making, heuristics and behavioral economics • He served as Professor Emeritus of Psychology and Public Policy at Princeton University • In 2013 President Obama awarded him the Presidential Medal of Freedom

N12 | Published 03/27/24 17:33

Nobel laureate in economics, Prof. Daniel Kahneman, passed away today (Wednesday) at the age of 90. His work questioning the rationality of decision-making helped give birth to the field of behavioral economics and won him the Nobel Prize. His research is considered groundbreaking in the areas of judgment and decision-making, heuristics and behavioral economics.

Kahneman, an Israeli-American psychologist, served as an emeritus professor of psychology and public policy at Princeton University in the USA. In 2002, he was awarded the Nobel Prize in Economics for the research he conducted together with Amos Tversky on “decision making under conditions of uncertainty” within their practice of social psychology, and the impact of the research on how The Action of Economists In 2011 he was awarded the distinguished fellows award of the American Economic Association, and in the same year he won the Talcott Parsons Award from the American Academy of Arts and Sciences.

In addition to this, he received numerous honorary doctorate awards, including from Harvard University (2001), the University of Pennsylvania (2001), Ben-Gurion University of the Negev (2003), the University of British Columbia (2004), the University of Michigan (2010), the University of Haifa (2016) and the Hebrew University (2014). On November 20, 2013, US President Barack Obama awarded him the Presidential Medal of Freedom, the highest civilian award given in the US.

In February of last year, Prof. Kahneman was interviewed for Yonit Levy and Jonathan Friedland’s UNHOLY podcast after speaking out against the legal reform – and reflecting indifference towards his opponents. “It doesn’t concern me at all. What will they do to a person my age? Even if I lived in Israel, I wouldn’t let fear affect me. I don’t think it would reach me, but I heard from a colleague in Israel that his family is trying to dissuade him from dealing with the issue out of fear for his physical safety. There is no doubt That the threat level is quite significant, but I think that as long as the opponents are on the winning side, they will be content with calling us names.”

In the same interview, he stated that the danger reflected in the reform outweighs what Israel faced in the Yom Kippur War in 1973. “This is the most real threat to Israel since its establishment, because this is a threat to its democratic essence, one that will change completely if the reform passes. I am shocked by the thought that Israel will join the infamous club where Hungary, Poland and Turkey are already members.”

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