Choices, Values, and Frames pdf

Daniel Kahneman is an Israeli-American psychologist and behavioral economist, born in 1934 in Tel Aviv, Israel. He is considered one of the founders of behavioral economics, an interdisciplinary field that combines psychology, economics and other areas to understand how people make decisions in complex situations.

Kahneman studied psychology at the Hebrew University of Jerusalem, where he earned his doctorate in 1961. He later moved to the United States to continue his academic career at the University of California, Berkeley, and Princeton University, where he remained until his retirement. in 2007.

Throughout his career, Kahneman has received numerous awards and honors for his contributions to behavioral economics and cognitive psychology. In 2002, he received the Nobel Prize in Economics, along with economist Vernon Smith, for their research on decision-making under uncertainty.

In addition to the Nobel Prize, Kahneman was also awarded the United States National Medal of Science in 2013 and the Gold Medal of the Royal Society of Arts in 2015.

Kahneman's work focuses primarily on investigating the mental processes that affect decision-making, especially in situations of uncertainty or risk. He argues that people often make irrational or biased decisions due to a variety of factors, such as emotions, cognitive biases, and mental heuristics.

One of his best-known studies is the "anchoring effect", which shows how prior information can influence decision-making, even if it is irrational or irrelevant to the decision in question.

Additionally, Kahneman is the author of several critically acclaimed books, including "Fast and Slow: Two Ways of Thinking" and "Judging Under Uncertainty: Heuristics and Biases." These books provide insights into how people think and make decisions and are recommended reading for students, professionals, and anyone interested in psychology and behavioral economics.

In summary, Daniel Kahneman is a leading researcher in the field of behavioral economics and cognitive psychology. His work has influenced the way people think about decision-making and is widely recognized as one of the greatest contributions to these fields.

Choices, Values, and Frames pdf by Daniel Kahneman

This book presents a selection of the research that grew from the editors’ early collaboration on “Prospect Theory,” the landmark article that offered the first compelling alternative to the standard “rational agent” model of choice under risk. In the spirit of the highly influential volume Judgment Under Uncertainty, first published in 1982, this book collects numerous theoretical and empirical articles that have become classics, important extensions, and applications that range from principles of legal compensation to the behavior of New York cab drivers on busy days. Several surveys prepared especially for this volume illustrate the scope and vigor of the behavioral study of choice. Theoretically elegant and empirically robust, the research collected in this volume represents an approach to the science of decision making that has influenced numerous fields of study, including decision theory, behavioral economics and behavioral finance, consumer psychology, the study of negotiation and conflict, medical decision making, legal analysis and practice, well-being studies, political science, and philosophical investigations of rationality and ethics. The book provides an accessible introduction to the study of decision-making behavior and is an indispensable reference source for students and specialists. ____________________ Daniel Kahneman and the late Amos Tversky have started a new perspective on the traditional economic categories of choice, decision, and value. A series of experimental and empirical studies by them and others have rejected traditional assumptions of rationality. Even more importantly, these scholars have developed alternative generalizations with significant predictive power and have found empirical verification for them. This outstanding collection of studies will make these new results readily accessible.