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| Daniel Kahneman: Nobel prize-winning behavioural economist dies | Daniel Kahneman: Nobel prize-winning behavioural economist dies |
| (2 months later) | |
| Nobel prize-winning psychologist Daniel Kahneman has died, aged 90. | Nobel prize-winning psychologist Daniel Kahneman has died, aged 90. |
| He became synonymous with behavioural economics, even though he never took a course of economics. | He became synonymous with behavioural economics, even though he never took a course of economics. |
| Kahneman wrote the best-selling book Thinking, Fast and Slow. It debunked the notion that people are rational beings who act out of self-interest - they act based on instinct, he argued. | Kahneman wrote the best-selling book Thinking, Fast and Slow. It debunked the notion that people are rational beings who act out of self-interest - they act based on instinct, he argued. |
| His death was announced by Princeton University where he had been working since 1993. | His death was announced by Princeton University where he had been working since 1993. |
| "Danny was a giant in the field, a Princeton star, a brilliant man, and a great colleague and friend," said prof Eldar Shafir. | "Danny was a giant in the field, a Princeton star, a brilliant man, and a great colleague and friend," said prof Eldar Shafir. |
| "Many areas in the social sciences simply have not been the same since he arrived on the scene. He will be greatly missed." | "Many areas in the social sciences simply have not been the same since he arrived on the scene. He will be greatly missed." |
| LISTEN: Daniel Kahneman - Thinking, Fast and Slow | LISTEN: Daniel Kahneman - Thinking, Fast and Slow |
| Kahneman was born in Tel Aviv, Israel, in 1934, and spent much of his early years in Nazi-occupied France, where his father worked as chief of research in a chemicals factory. | Kahneman was born in Tel Aviv, Israel, in 1934, and spent much of his early years in Nazi-occupied France, where his father worked as chief of research in a chemicals factory. |
| The family moved to what was then British-ruled Palestine in 1948, just before the creation of the state of Israel. | The family moved to what was then British-ruled Palestine in 1948, just before the creation of the state of Israel. |
| Kahneman graduated from the Hebrew University of Jerusalem in 1954, and went to the US four years later to begin a doctorate in psychology at the University of California Berkeley. | Kahneman graduated from the Hebrew University of Jerusalem in 1954, and went to the US four years later to begin a doctorate in psychology at the University of California Berkeley. |
| Kahneman returned to Jerusalem in 1961 to begin his academic career as a psychology lecturer, where he met Amos Tversky - a cognitive psychologist with whom he did much of his most fundamental work. | |
| He would go on to win the Nobel Prize for Economic Sciences in 2002 | |
| How do we really make decisions? | How do we really make decisions? |
| Does sunshine make us happier? | Does sunshine make us happier? |
| His work with Tversky formed the basis of the best-selling book Thinking, Fast and Slow, published in 2011. | |
| The book explained the psychology of decision-making. It outlines two systems that drive the way humans think and make choices - the fast, intuitive, and emotional - and the slower, more deliberative, and more logical. | The book explained the psychology of decision-making. It outlines two systems that drive the way humans think and make choices - the fast, intuitive, and emotional - and the slower, more deliberative, and more logical. |
| The book argued that most of the time, our fast, intuitive mind is in control, and takes charge of the decisions we make each day - rather than the deliberative, logical part of our minds - and this is where mistakes can creep in. | The book argued that most of the time, our fast, intuitive mind is in control, and takes charge of the decisions we make each day - rather than the deliberative, logical part of our minds - and this is where mistakes can creep in. |