Tversky and Kahneman

Tversky and Kahneman are psychologists known for their work on how people think and make decisions. They studied cognitive biases—systematic ways our thinking can go awry—such as overestimating rare events or sticking to initial beliefs despite new evidence. Their research revealed that humans often rely on mental shortcuts, which can lead to flawed judgments. Their work has greatly influenced economics, psychology, and decision-making, highlighting the importance of understanding our biases to improve choices in everyday life and policy.