Nomura Lecture

About Prof Kahnemann

From Wikipedia, the free encyclopedia

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

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