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Kahneman
Daniel Kahneman (; ; March 5, 1934 – March 27, 2024) was an Israeli-American psychologist best known for his work on the psychology of judgment and decision-making as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences together with Vernon L. Smith. Kahneman's published empirical findings challenge the assumption of human rationality prevailing in modern economic theory. Kahneman became known as the "grandfather of behavioral economics." With Amos Tversky and others, Kahneman established a cognitive basis for common human errors that arise from heuristics and biases, and developed prospect theory. In 2011, Kahneman was named by ''Foreign Policy'' magazine in its list of top global thinkers. In the same year, his book ''Thinking, Fast and Slow'', which summarizes much of his research, was published and became a best seller. In 2015, ''The Economist'' listed him as the seventh most influential economist in the world. Kahnema ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cognitive Bias
A cognitive bias is a systematic pattern of deviation from norm (philosophy), norm or rationality in judgment. Individuals create their own "subjective reality" from their perception of the input. An individual's construction of reality, not the Objectivity (philosophy), objective input, may dictate their behavior in the world. Thus, cognitive biases may sometimes lead to perceptual distortion, inaccurate judgment, illogical interpretation, and irrationality. While cognitive biases may initially appear to be negative, some are adaptive. They may lead to more effective actions in a given context. Furthermore, allowing cognitive biases enables faster decisions which can be desirable when timeliness is more valuable than accuracy, as illustrated in Heuristic (psychology), heuristics. Other cognitive biases are a "by-product" of human processing limitations, resulting from a lack of appropriate mental mechanisms (bounded rationality), the impact of an individual's constitution and bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prospect Theory
Prospect theory is a theory of behavioral economics, judgment and decision making that was developed by Daniel Kahneman and Amos Tversky in 1979. The theory was cited in the decision to award Kahneman the 2002 Nobel Memorial Prize in Economics. Based on results from controlled studies, it describes how individuals assess their loss and gain perspectives in an asymmetric manner (see loss aversion). For example, for some individuals, the pain from losing $1,000 could only be compensated by the pleasure of earning $2,000. Thus, contrary to the expected utility theory (which models the decision that perfectly rational agents would make), prospect theory aims to describe the actual behavior of people. In the original formulation of the theory, the term ''prospect'' referred to the predictable results of a lottery. However, prospect theory can also be applied to the prediction of other forms of behaviors and decisions. Prospect theory challenges the expected utility theory deve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loss Aversion
In cognitive science and behavioral economics, loss aversion refers to a cognitive bias in which the same situation is perceived as worse if it is framed as a loss, rather than a gain. It should not be confused with risk aversion, which describes the rational behavior of valuing an uncertain outcome at less than its expected value. When defined in terms of the pseudo-utility function as in cumulative prospect theory (CPT), the left-hand of the function increases much more steeply than gains, thus being more "painful" than the satisfaction from a comparable gain. Empirically, losses tend to be treated as if they were twice as large as an equivalent gain. Loss aversion was first proposed by Amos Tversky and Daniel Kahneman as an important component of prospect theory. History In 1979, Daniel Kahneman and his associate Amos Tversky originally coined the term "loss aversion" in their initial proposal of prospect theory as an alternative descriptive model of decision makin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Behavioral Economics
Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economic theory. Behavioral economics is primarily concerned with the bounds of rationality of economic agents. Behavioral models typically integrate insights from psychology, neuroscience and microeconomic theory. Behavioral economics began as a distinct field of study in the 1970s and 1980s, but can be traced back to 18th-century economists, such as Adam Smith, who deliberated how the economic behavior of individuals could be influenced by their desires. The status of behavioral economics as a subfield of economics is a fairly recent development; the breakthroughs that laid the foundation for it were published through the last three decades of the 20th century. Behavioral economics is still growing as a field, being used increasingly in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anne Treisman
Anne Marie Treisman (née Taylor; 27 February 1935 – 9 February 2018) was an English psychologist who specialised in cognitive psychology. Treisman researched visual attention, object perception, and memory. One of her most influential ideas is the feature integration theory of attention, first published with Garry Gelade in 1980. Treisman taught at the University of Oxford, University of British Columbia, University of California, Berkeley, and Princeton University. Notable postdoctoral fellows she supervised included Nancy Kanwisher and Nilli Lavie. In 2013, Treisman received the National Medal of Science from President Barack Obama for her pioneering work in the study of attention. During her long career, Treisman experimentally and theoretically defined the issue of how information is selected and integrated to form meaningful objects that guide human thought and action. Early life and education Anne Treisman was born in Wakefield, West Riding of Yorkshire, England ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barbara Tversky
Barbara Tversky ( Gans) is an American psychologist. She is a professor emerita of psychology at Stanford University and a professor of psychology and education at Teachers College, Columbia University. She was also President of the Association for Psychological Science from 2018-2019. Tversky specializes in cognitive psychology. Education Tversky received a B.A. in psychology from the University of Michigan in 1963 and a Ph.D. in psychology from the University of Michigan in 1969. Academic career Areas of work She is an authority in the areas of visual-spatial reasoning and collaborative cognition. Tversky’s research interests include language and communication, comprehension of events and narratives, and the mapping and modeling of cognitive processes. She is the author of ''Mind in Motion: How Action Shapes Thought.'' Basic Books, 2019 and contributes to ongoing projects with Steve Feiner’s AR lab. Academic roles She has served on the faculty of Stanford University s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedonic Psychology
The economics of happiness or happiness economics is the theoretical, qualitative and quantitative study of happiness and quality of life, including positive and negative Affect (psychology), affects, well-being, life satisfaction and related concepts – typically tying economics more closely than usual with other social sciences, like sociology and psychology, as well as physical health. It typically treats subjective happiness-related measures, as well as more objective quality of life indices, rather than wealth, income or profit, as something to be maximized. The field has grown substantially since the late 20th century, for example by the development of methods, surveys and indices to measure happiness and related concepts,• Carol Graham, 2008. "happiness, economics of," ''The New Palgrave Dictionary of Economics'', 2nd EditionAbstract.Prepublicatio copy.br /> • _____, 2005. "The Economics of Happiness: Insights on Globalization from a Novel Approach," ''World Ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Avishai Henik
Avishai Henik (Hebrew: אבישי הניק; born 1945) is an Israeli neurocognitive psychologist who works at Ben-Gurion University of the Negev (BGU). Henik studies voluntary and automatic (non-voluntary/reflexive) processes involved in cognitive operations. He characterizes automatic processes (in various areas of research), and clarifies their importance, the relationship between automatic and voluntary processes, and their neural underpinnings. Most of his work involves research with human participants and in recent years, he has been working with Archer fish to examine evolutionary aspects of various cognitive functions. Biography Avishai Henik was born in Tel Aviv in 1945. He received his undergraduate degree in psychology and education from Ben-Gurion University of the Negev in 1971. He then moved to the Hebrew University of Jerusalem to study for his MA and PhD degrees under the supervision of Nobel Laureate Daniel Kahneman. He received his PhD in 1979. In 1980, Henik r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hebrew University Of Jerusalem
The Hebrew University of Jerusalem (HUJI; ) is an Israeli public university, public research university based in Jerusalem. Co-founded by Albert Einstein and Chaim Weizmann in July 1918, the public university officially opened on 1 April 1925. It is the second-oldest Israeli university, having been founded 30 years before the Israeli Declaration of Independence, establishment of the State of Israel but six years after the older Technion university. The HUJI has three campuses in Jerusalem: one in Rehovot, one in Rishon LeZion and one in Eilat. Until 2023, the world's largest library for Jewish studies—the National Library of Israel—was located on its Edmond Safra, Edmond J. Safra campus in the Givat Ram neighbourhood of Jerusalem. The university has five affiliated teaching hospitals (including the Hadassah Medical Center), seven faculties, more than 100 research centers, and 315 academic departments. , one-third of all the doctoral candidates in Israel were studying at the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Princeton University
Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial Colleges, fourth-oldest institution of higher education in the United States and one of the nine colonial colleges chartered before the American Revolution. The institution moved to Newark, New Jersey, Newark in 1747 and then to its Mercer County, New Jersey, Mercer County campus in Princeton nine years later. It officially became a university in 1896 and was subsequently renamed Princeton University. The university is governed by the Trustees of Princeton University and has an endowment of $37.7 billion, the largest List of colleges and universities in the United States by endowment, endowment per student in the United States. Princeton provides undergraduate education, undergraduate and graduate education, graduate instruction in the hu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anat Ninio
Anat Ninio (; born August 10, 1944) is a professor emeritus of psychology at the Hebrew University of Jerusalem. She specializes in the interactive context of language acquisition, the communicative functions of speech, pragmatic development, and syntactic development. Ninio is best known for her work on joint picture-book reading of parents and young children;Ninio, A. and Bruner, J. (1978). The achievement and antecedents of labelling. Journal of Child Language, 5, 1-15. Reprinted in M. B. Franklin and S. S. Barton (eds). (1988). Child language: a reader (pp. 36-49). Oxford: Oxford University Press. This article is the second most cited paper published in the Journal of Child Language, the official journal of the International Association for the Study of Child Language (IASCL), according to the Web of Science and Google Scholar. for developing the widely used Ninio and WheelerNinio, A. and Wheeler, P. (1984). A manual for classifying verbal communicative acts in mother-infan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baruch Fischhoff
Baruch Fischhoff (born April 21, 1946, Detroit, Michigan) is an American academic who is the Howard Heinz University Professor in the Carnegie Mellon Institute for Strategy and Technology and the Department of Engineering and Public Policy at Carnegie Mellon University. He is an elected member of the (US) National Academy of Sciences and National Academy of Medicine. His research focuses on judgment and decision making, including risk perception and risk analysis. He has authored numerous academic books and articles. Fischhoff completed his graduate education at the Hebrew University of Jerusalem under the supervision of Daniel Kahneman and Amos Tversky.Klein, Olivier, Peter Hegarty, and Baruch Fischhoff"Hindsight 40 years on: An interview with Baruch Fischhoff" ''Memory Studies''. 2017, Vol. 10(3) 249–260 He has been honored with a 'Distinguished Achievement Award' by the Society for Risk Analysis, a Distinguished Scientific Award for an Early Career Contribution to Psycholo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
