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Daniel Kahneman

Israeli-American psychologist and Nobel laureate

Daniel Kahneman, known for his work on hedonism, judgment, and decision-making, won the 2002 Nobel Prize in Economic Sciences. He is a pioneer in behavioral economics and cognitive psychology, challenging the assumption of human rationality in economic theory. With Amos Tversky, he developed prospect theory and identified common human errors. Kahneman's book 'Thinking, Fast and Slow' was a best seller, summarizing his influential research.

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Timeline

Birth of Daniel Kahneman

Daniel Kahneman, an Israeli-American author, psychologist, and economist, was born in Tel Aviv, Mandatory Palestine (now Israel). His work on hedonism, psychology of judgment, and decision-making, as well as behavioral economics, earned him the 2002 Nobel Memorial Prize in Economic Sciences.

Family's Experience in Nazi-Occupied France

During the occupation of Paris by Nazi Germany in 1940, Daniel Kahneman's family faced hardships, with his father being detained but later released. This experience influenced Kahneman's career choice in psychology.

Kahneman's Contribution to Israeli Defense Forces

While serving in the Israeli Defense Forces, Daniel Kahneman developed a system for interviewing recruits, which remained in use for several decades.

Daniel Kahneman moves to Palestine

In 1948, Daniel Kahneman relocates to Palestine shortly before the establishment of the state of Israel.

Daniel Kahneman Earns B.A. in Psychology and Mathematics

In 1954, Daniel Kahneman earned his B.A. in psychology and mathematics from Hebrew University.

Daniel Kahneman earns a doctorate from the University of California-Berkeley

In 1961, Daniel Kahneman successfully completes his doctoral studies at the University of California-Berkeley.

Publication of 'Attention and Effort' by Daniel Kahneman

In his book 'Attention and Effort', published in 1966, Daniel Kahneman introduced a theory of effort based on his studies of pupillary changes during mental tasks, stemming from his work on attention.

Discovery of Loss Aversion

Kahneman and Tversky discovered the concept of loss aversion, which explains the intense response to losses compared to gains. This phenomenon influences decision making and risk aversion.

Publication of 'Subjective Probability: A Judgment of Representativeness'

In 1972, Daniel Kahneman and Amos Tversky published 'Subjective Probability: A Judgment of Representativeness' in Cognitive Psychology.

Daniel Kahneman's Book on Attention

In 1973, Daniel Kahneman published a book on attention, which became one of his most significant independent contributions to psychology.

Impact of the Science article on cognitive science, philosophy, and psychology

The Science article by Daniel Kahneman and Amos Tversky became a standard reference challenging the rational-agent model. It led to a significant literature in cognitive science, philosophy, and psychology, sparking discussions on biases in human judgment.

Kahneman and Treisman Move to U.B.C.

In 1978, Daniel Kahneman and Anne Treisman got married and moved to U.B.C. (University of British Columbia). This marked a significant personal and professional transition for Kahneman.

Introduction of Prospect Theory by Kahneman and Tversky

Kahneman and Tversky introduced 'prospect theory' in 1979 to explain systematic choices that contradict the strictly rational model. They later admitted that the theory's name was meaningless but important for gaining credibility.

Award for Distinguished Scientific Contributions

In 1982, Daniel Kahneman, jointly with Amos Tversky, received the Award for Distinguished Scientific Contributions from the American Psychological Association.

Kahneman's Collaboration with Tversky

The period of exclusive collaboration between Kahneman and Tversky ended in 1983, as Kahneman published two papers with Anne Treisman, his wife since 1978, marking a shift in his publishing focus.

Norm Theory by Daniel Kahneman and Dale T. Miller

In 1986, Daniel Kahneman and Dale T. Miller introduced Norm Theory in their paper 'Comparing reality to its alternatives'. The theory focuses on how individuals compare reality to various alternatives, shedding light on decision-making processes.

Experimental Economics: A Psychological Perspective by Daniel Kahneman

Daniel Kahneman provided a psychological perspective on experimental economics in 1987. His work aimed to explore the intersection of psychology and economics, offering insights into decision-making processes.

Mugs Studies Conducted by Kahneman, Knetsch, and Thaler

In 1990, Kahneman, Knetsch, and Thaler conducted a series of market experiments known as the 'mugs' studies, which later became a standard in the literature. These experiments involved real goods and aimed to study consumer behavior and perceptions of fairness.

Distinguished Scientific Contribution Award

In 1992, Daniel Kahneman received the Distinguished Scientific Contribution Award from the Society for Consumer Psychology.

Experiments on Remembered Utility

Experiments were conducted to study how remembered utility is determined by the peak intensity of pleasure or discomfort experienced during an episode, as well as the intensity of pleasure or discomfort when the episode ended. The duration of the episode was found to have minimal effect on remembered utility.

Challenge to the Assumption of Rationality

A new type of challenge to the assumption of rationality was presented by Kahneman based on evidence from experiments that distinguished between experienced utility and decision utility.

Hilgard Award for Lifetime Contributions to General Psychology

In 1995, Daniel Kahneman was selected for the Hilgard Award for Lifetime Contributions to General Psychology.

Focusing Illusion

Daniel Kahneman, along with David Schkade, developed the concept of the focusing illusion to explain how people overestimate the importance of specific factors on their overall happiness. They provided an example in their 1998 paper, showing how individuals in the Midwest thought Californians were happier solely based on the location.

Workshop on Happiness and Life Satisfaction

Kahneman, along with Ed Diener and Norbert Schwarz, organized a workshop on happiness and life satisfaction. The workshop covered various topics in hedonic psychology, focusing on what makes experiences and life pleasant or unpleasant.

Choices, Values and Frames

In 2000, Daniel Kahneman and Amos Tversky published 'Choices, Values and Frames', exploring the psychological aspects of decision-making and how individuals evaluate options based on their values and frames.

Member of the National Academy of Sciences

In 2001, Daniel Kahneman was elected a member of the National Academy of Sciences.

Member of the American Philosophical Society

In 2004, Daniel Kahneman was elected a member of the American Philosophical Society.

Talya Miron-Shatz works under Kahneman at Center for Health and Wellbeing

Talya Miron-Shatz, a professor at Ono Academic College in Israel, worked as a postdoc under Kahneman at the Center for Health and Wellbeing from 2005 to 2009. She mentioned that Kahneman's skepticism and openness to criticism influenced her work ethic.

Thomas Schelling Prize

In 2006, Daniel Kahneman received the Thomas Schelling Prize for intellectual contribution to public policy through the Kennedy School for Public Policy, Harvard University.

Edge Master Class 2007 with Daniel Kahneman

The Edge Master Class in 2007 featured Daniel Kahneman discussing 'A Short Course in Thinking About Thinking'. The event aimed to delve into topics related to culture, mind, behavioral economics, decision making, and psychology.

Kahneman Turns 80

A special event celebrating Daniel Kahneman's 80th birthday.

Talcott Parsons Prize

On November 9, 2011, Daniel Kahneman was awarded the Talcott Parsons Prize by the American Academy of Arts and Sciences.

Presidential Medal of Freedom

On August 8, 2013, President Barack Obama announced that Daniel Kahneman would be a recipient of the Presidential Medal of Freedom.

Listing in The Economist

In 2015, The Economist recognized Daniel Kahneman as the seventh most influential economist in the world, highlighting his significant impact on the field of economics and behavioral science.

Golden Plate Award

In 2019, Daniel Kahneman received the Golden Plate Award of the American Academy of Achievement.

Daniel Kahneman to receive Medal of Freedom from President Obama

In 2021, Daniel Kahneman, a professor emeritus of psychology and public affairs at Princeton University and a Nobel laureate in economics, was selected as one of the recipients of the Presidential Medal of Freedom by President Barack Obama.

Daniel Kahneman's Impact on Psychology and Decision-Making

Daniel Kahneman, a renowned psychologist, made significant contributions to the fields of psychology, economics, and social sciences by revolutionizing our understanding of human thinking and decision-making processes. His insights have been applied to real-world issues, influencing policy and practice spheres. Kahneman's legacy continues to inspire and benefit students and colleagues alike.

Helen Dinerman Award

In 2023, Daniel Kahneman was presented with the Helen Dinerman Award of the World Association for Public Opinion Research.

Death of Daniel Kahneman

Daniel Kahneman passed away on March 27, 2024, three weeks after his 90th birthday. Colleagues and peers praised his significant impact on social sciences and various fields.

Printed On Sun April 7th 2024

On April 7th, 2024, the content was printed. This event is related to the publication or printing of material on this specific date.

End of the Timeline
Daniel Kahneman

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