Daniel Kahneman (Economist)

Daniel Kahneman is an influential psychologist and economist known for his work on the psychology of decision-making. He won the Nobel Prize in Economic Sciences in 2002 for his research on how people think and make choices under uncertainty. Kahneman introduced concepts like "prospect theory," which explains why people value gains and losses differently. He also distinguishes between two modes of thinking: the fast, intuitive "System 1" and the slower, more deliberate "System 2." His insights help us understand how biases and emotions influence our decisions in everyday life, impacting fields from economics to public policy.