Daniel Kahneman

System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation―each of these can be understood only by knowing how the two systems shape our judgments and decisions.

Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives―and how we can use different techniques to guard against the mental glitches that often get us into trouble. Topping bestseller lists for almost ten years, Thinking, Fast and Slow is a contemporary classic, an essential book that has changed the lives of millions of readers.

Daniel Kahneman (/ˈkɑːnəmən/; Hebrew: דניאל כהנמן; born March 5, 1934) is an Israeli-American psychologist and economist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). His empirical findings challenge the assumption of human rationality prevailing in modern economic theory.

Daniel Kahneman

Kahneman in 2009

Born

March 5, 1934 (age 89)

Tel Aviv, British Mandate of Palestine (now Israel)

Nationality

United States, Israel

Education

• Hebrew University (BA)
• University of California, Berkeley (MA, PhD)

Known for

• Cognitive biases
• Behavioral economics
• Prospect theory
• Loss aversion

Spouses

• Irah Kahneman;
• Anne Treisman (1978–2018, her death)

Awards

• APA Lifetime Achievement Award (2007)
• Nobel Memorial Prize in Economic Sciences (2002)
• Presidential Medal of Freedom (2013)
• Tufts University Leontief Prize (2010)
• APS Distinguished Scientific Contribution Award (1982)
• University of Louisville Grawemeyer Award (2003)

Scientific career

Fields

• Psychology
• Economics

Institutions

• Princeton University 1993–
• University of California, Berkeley 1986–93
• University of British Columbia 1978–86
• Center for Advanced Study in the Behavioral Sciences 1972–73
• Hebrew University of Jerusalem 1961–77

Thesis

An analytical model of the semantic differential (1961)

Doctoral advisor

Susan M. Ervin-Tripp

Doctoral students

• Anat Ninio
• Avishai Henik
• Baruch Fischhoff
• Ziv Carmon

Daniel Kahneman's voice

Recorded August 2013 from the BBC Radio 4 programme Desert Island Discs

Website

scholar.princeton.edu/kahneman/

With Amos Tversky and others, Kahneman established a cognitive basis for common human errors that arise from heuristics and biases, and developed prospect theory.

In 2011 he was named by Foreign Policy magazine in its list of top global thinkers. In the same year his book Thinking, Fast and Slow, which summarizes much of his research, was published and became a best seller. In 2015, The Economist listed him as the seventh most influential economist in the world.

He is professor emeritus of psychology and public affairs at Princeton University's Princeton School of Public and International Affairs. Kahneman is a founding partner of TGG Group, a business a