The renowned Israeli-American psychologist, Daniel Kahneman, who was awarded the Nobel Prize in Economics in 2002 for his innovative application of psychological methods in economics, passed away on March 27 at the age of 90. His death was confirmed by his stepdaughter, Deborah Treisman, editor at the New Yorker.

Kahneman was born in Tel Aviv in 1934 and graduated in mathematics and psychology from the Hebrew University of Jerusalem in 1954. He later worked in the psychological unit of the Israel Defense Forces where he developed questionnaires to assess the personality of recruits. In 1958, he moved to the United States to earn a doctorate in psychology at the University of California, Berkeley while also maintaining his ties to Israel by working at the Hebrew University.

As one of the pioneers of behavioral economics, Kahneman played a crucial role in applying psychological principles to economic decision-making. His groundbreaking studies on reasoning and decision-making under uncertainty earned him recognition as a Nobel laureate for Economics, making him the first psychologist to receive this prestigious award. Despite being a psychologist rather than an economist, Kahneman’s work had an immense impact on the field of economics.

By Samantha Johnson

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