Daniel Kahneman is a psychologist and Nobel laureate known for his work in behavioral economics and cognitive psychology. He is particularly famous for his research on the dual systems of thought, which he describes as System 1 (fast, intuitive, and emotional) and System 2 (slower, deliberate, and logical). Kahneman’s work explores how these systems influence decision-making and judgment, often leading to cognitive biases and errors in reasoning. His influential book, “Thinking, Fast and Slow,” encapsulates many of his theories and findings, examining how humans think and behave in uncertain and complex situations. Kahneman’s research has significantly shaped our understanding of human behavior, risk assessment, and economic decision-making.
Daniel Kahneman, a Nobel laureate, transformed the understanding of decision-making by integrating psychology with economics through his pioneering "prospect theory." On March 27, 2024, Kahneman chose to end his life…