
Psychologist who shared the 2002 Nobel Memorial Prize in Economic Sciences with Vernon Smith for work on judgment and decision-making; called the grandfather of behavioral economics. Died in 2024.
Publications page, Princeton University
Prospect theory and the heuristics-and-biases programme are the primary psychological foundation the whole of behavioral finance builds on.
7 books of their own · 3 articles · 5 books they recommend · 25 appearances
Edited volume
Papers on how people choose under risk, from prospect theory to framing.
Edited volume.
Kahneman's synthesis of behavioral economics is the cognitive science underpinning every negotiation tactic. Anchoring, loss aversion, framing effects, and the planning fallacy — understanding why these biases operate, not just that they exist, makes you harder to exploit and more honest about your own irrationality.
“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson
Source: Andrew Wilkinson's Bookshelf, neverenough.com
Recommended by: Andrew Wilkinson, Charles de Vaulx and 32 others
Kahneman died 27 March 2024; this was his last book.
Attention and Effort | – | 1973 | – | |
Judgment under Uncertainty: Heuristics and Biases | Edited volume | 1982 | T4 | Adam Robinson |
Well-Being: The Foundations of Hedonic Psychology | Edited volume | 1999 | – | |
Choices, Values, and Frames | Papers on how people choose under risk, from prospect theory to framing. | 2000 | T1 | – |
Heuristics and Biases: The Psychology of Intuitive Judgment | Edited volume. | 2002 | T4 | – |
Thinking, Fast and Slow | Kahneman's synthesis of behavioral economics is the cognitive science underpinning every negotiation tactic. Anchoring, loss aversion, framing effects, and the planning fallacy — understanding why these biases operate, not just that they exist, makes you harder to exploit and more honest about your own irrationality. | 2011 | T3 | Andrew Wilkinson, Charles de Vaulx, Frank Martin and 31 others |
Noise: A Flaw in Human Judgment | Kahneman died 27 March 2024; this was his last book. | 2021 | T3 | – |
Mullainathan and Shafir's research on cognitive bandwidth shows that financial scarcity — not just poverty but any experience of not having enough — tunnels attention in ways that make long-term planning harder and short-term mistakes more likely. It reframes willpower-based explanations of financial failure without excusing the structural causes.
Also recommended by: Mohnish Pabrai, Esther Dyson
Why organisations kill breakthrough projects, and how structure can protect them.
Also recommended by: Arianna Huffington, Bill Gates and 7 others
Incerto volume 5
Also recommended by: Nat Eliason, Ana Fabrega, Ben Horowitz and 11 others
| Maps of Bounded Rationality: Psychology for Behavioral Economics | American Economic Review | Research paper | 2003 |
| Maps of Bounded Rationality (Nobel Prize lecture) | The Nobel Foundation | Article | 2002 |
| Prospect Theory: An Analysis of Decision under Risk | Econometrica (with Amos Tversky) | Research paper | 1979 |
| Daniel Kahneman, Who Plumbed the Psychology of Economics, Dies at 90 Paywall | The New York Times | 2024 |
| Daniel Kahneman obituary | The Guardian | 2024 |
| Daniel Kahneman, Nobel laureate who upended economics, dies at 90 Paywall | The Washington Post | 2024 |
| Daniel Kahneman Wanted You to Realize How Wrong You Are Paywall | The Atlantic | 2024 |
| Daniel Kahneman, Psychologist Who Upended Economics, Dies at 90 Paywall | Bloomberg | 2024 |