Daniel Kahnemann, winner of the 2002 Nobel Prize for Economics
The lecture has been given on May 5th
2005 in the Martin Wood Lecture Theatre, Clarendon Laboratory.
About Prof Kahnemann
From Wikipedia, the free
Daniel Kahneman (born 1934 in Tel Aviv, Israel)
is a key pioneer and theorist of behavioral finance, which
integrates economics and cognitive science to explain seemingly
irrational risk management behavior in human beings.
He is famous for collaboration with Amos Tversky and others in
establishing a cognitive basis for common human errors using
heuristics and in developing the prospect theory.
Kahneman spent his childhood years in Paris, France and moved to
Palestine in 1946. He received his B.Sc. in mathematics and
psychology from the Hebrew University in Jerusalem in 1954, after
which he served in the Israeli Defense Forces, principally in its
psychology department. In 1958 he came to the United States and
earned his Ph.D. in Psychology from the University of California,
Berkeley in 1961.
Currently a faculty member at Princeton University and a fellow at
Hebrew University, he is the winner of the 2002 Bank of Sweden
Prize in Economic Sciences in Memory of Alfred Nobel (colloquially
known as the Nobel Prize in Economics), despite being a research
psychologist and not an economist. In fact, Kahneman claims to
have never taken a single economics course — he claims that
what he knows of the subject he and Tversky learned from
collaborators Richard Thaler and Jack Knetsch.
Past Nomura Lectures
Nomura Lecture 2004
Professor Paul Embrechts
From Dutch dykes to value-at-risk:
extreme value theory and copulae as risk management tools
Nomura Lecture 2002
Prof Kahnemann received a
Noble Prize for "for having integrated insights from
psychological research into economic science, especially
concerning human judgment and decision-making under uncertainty
The Bank of Sweden Prize in Economic
Sciences in Memory of Alfred Nobel 2002