Great Economists · Modern
Daniel Kahneman & Behavioral Economics
The psychologist who won the economics Nobel: the partnership with Amos Tversky, heuristics and biases, prospect theory and loss aversion, System 1 and System 2, the experiencing vs remembering self, and noise.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: Cognitive biases. Next: Richard Thaler / nudges; Elinor Ostrom. Sources: Tversky & Kahneman, 'Judgment under Uncertainty' (Science, 1974); Kahneman & Tversky, 'Prospect Theory' (Econometrica, 1979); Kahneman, *Thinking, Fast and Slow* (2011); Michael Lewis, *The Undoing Project*.Next: 1. Life