Daniel Kahneman is a renowned psychologist and Nobel laureate, recognized for his groundbreaking work in behavioral economics, particularly for his exploration of how psychological factors influence economic decision-making. His research, especially on cognitive biases and heuristics, reveals the often irrational ways people make choices, while his development of prospect theory highlights the impact of loss aversion on human behavior. Kahneman’s insights have led to a deeper understanding of how people navigate uncertainty and risk in their lives.
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