![]() ![]() Their work was also summarized and popularized in Kahneman’s best seller, Thinking, Fast and Slow, which I also recently reviewed. Their work led to the now ascendant field of behavioral economics, represented most prominently by Richard Thaler and Cass Sunstein. Perhaps their biggest contribution was to debunk the reigning economic theory that rational decision-making guides human decision making. The two friends and colleagues explored many patterns in thought by which human beings deceive themselves, from over-generalizing good assessments about a person based on one particular positive aspect, to deducing a cause and effect relationship between things that may just be randomly coincident in time or place. ![]() ![]() Nobel Prizes are not awarded posthumously. Kahneman received a Nobel Prize in economics Tversky probably would have shared the award, had he survived. I would call them “intellectuals” though rather than “psychologists” because their ideas have permeated diverse fields such as economics, decision theory, law, medicine, political policy, and even sports. Amos Tversky and Daniel Kahneman, who trained as psychologists, have become famous for their work describing how the human mind works, particularly in how it sometimes deceives itself. ![]()
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