Nobel Laureate Daniel Kahneman: A Pioneer in Behavioral Economics Dies at 90

Nobel Prize-winning Israeli-American psychologist Daniel Kahneman dies in the United States

Israeli-American psychologist Daniel Kahneman, renowned for his pioneering work in behavioral economics and recipient of the Nobel Prize in Economics in 2002, passed away on March 27 at the age of 90 in the United States. His stepdaughter Deborah Treisman confirmed the news but did not provide further details about the circumstances of his death.

Kahneman was born in Tel Aviv in 1934 and graduated from the Hebrew University of Jerusalem with a bachelor’s degree in mathematics and psychology in 1954. He later worked in the Israeli Defense Forces’ psychological unit, developing questionnaires to evaluate conscripts’ personalities. In 1958, he moved to the United States to pursue a PhD in psychology at the University of California, Berkeley, while also maintaining a strong connection with Israel and working at the Hebrew University.

Recognized as one of the pioneers of behavioral economics, Kahneman was awarded the Nobel Prize in Economics for his groundbreaking studies on judgment and decision-making under conditions of uncertainty, such as his collaboration with Vernon Smith. Despite being a psychologist, not an economist, Kahneman was awarded the Economics Prize for his innovative applications of psychological insights to economic theories.

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