Daniel Kahneman notes that economists imagine how people should act while psychologists watch what they really do. He points out that a bad mood can dim our quick intuition and that confidence often comes from a convincing story, even when evidence is thin. He also warns that animals that ignore new things have low survival chances.
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Daniel Kahneman was an essayist, best known for Thinking, fast and slow.
Quick Facts About Daniel Kahneman
Born
March 5, 1934
Died
March 27, 2024
Profession
Essayist
Notable works
Thinking, fast and slow
About Daniel Kahneman
His published empirical findings challenge the assumption of human rationality in modern economic theory, and he became known as the “grandfather of behavioral economics.”
