"Remembering Nobel Economist Daniel Kahneman: A Pioneer of Behavioral Economics"

Daniel Kahneman, a Nobel Prize-winning psychologist known for his work in behavioral economics, has passed away at the age of 90. Alongside Amos Tversky, he reshaped the field of economics by highlighting the impact of neurological biases on decision making. Their research, detailed in Kahneman's best-selling book "Thinking, Fast and Slow," revealed how mental shortcuts and biases can distort thoughts in predictable yet irrational ways. Kahneman's contributions, including the concept of "loss aversion," earned him the Nobel Prize in economics in 2002, though Tversky would have likely shared the honor had he not passed away in 1996.