Word: kahneman
(lookup in dictionary)
(lookup stats)
Dates: during 2002-2002
Sort By: most recent first
(reverse)
...DANIEL KAHNEMAN Economics...
...field of economics, theoretical models are predicated on people behaving rationally. Daniel Kahneman proved otherwise, perhaps because he is not an economist. A professor at Princeton University, Kahneman, 65, is a cognitive psychologist. In his studies he has shown that people are not particularly wise about assessing probability. His work, he has said, was inspired by such curiosities as finding that when polled, subjects said they would travel 20 minutes to save $5 on a $15 calculator but not spend the same time to save $5 on a $125 jacket. Kahneman won the prize, according to the committee, for "having...