Before the pioneering work done by Kahneman and his research partner, Amos Tversky, who died in 1996, economists had assumed that people were “rational,” meaning we are self-interested ...

Research by Daniel Kahneman and Amos Tversky, who first identified the framing effect, shows that individuals tend to avoid risks when a positive frame is presented but seek risks when faced with ...

The book tells the story of of Daniel "Danny" Kahneman and Amos Tversky, two best friends who revolutionized cognitive psychology. We asked Lewis to analyze the outcome of the 2016 election year ...

Prospect Theory, developed by Daniel Kahneman and Amos Tversky, provides a framework for understanding how people make decisions under risk and uncertainty. This theory has been increasingly ...

Behavioral finance, pioneered by Daniel Kahneman and Amos Tversky, challenged the steadfast belief that markets are driven by classical economic theory. This past year was marked with pronounced ...

Long-time companion Amos Tversky and Kahneman dedicated their academic lives to the psychological phenomena around judgement and decision-making, establishing a new way of thinking about human errors ...

Kahneman’s quote above neatly summarises the well-known concept of framing, first illustrated by Kahneman and his long-time collaborator Amos Tversky in 1981. Theirs and others’ later research ...