Daniel "Danny" Kahneman (born
March 5,
1934 in
Tel Aviv), is an
Israeli-
American psychologist and
Nobel laureate, notable for his pioneering work on
behavioral finance and hedonic psychology.With
Amos Tversky and others, Kahneman established a cognitive basis for common human errors using
heuristics and biases (Kahneman & Tversky, 1973, Kahneman, Slovic & Tversky, 1982), and developed
prospect theory (Kahneman & Tversky, 1979). He was awarded the 2002 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (generally referred to as the
Nobel Prize in Economics) for his work in
prospect theory.
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