We all make bad decisions sometimes. In some contexts, to a certain extent, psychologists know why. Much research on the ...

The concept of the ‘invisible hand’, introduced by Adam Smith in ‘The Wealth of Nations’, suggests that markets self-regulate ...

Before the pioneering work done by Kahneman and his research partner, Amos Tversky, who died in 1996, economists had assumed ...

“His work is really monumental in the history of thought.” Working with psychologist Amos Tversky, Kahneman isolated biases that distort decision-making. These include aversion to loss and how ...

Kahneman’s partner, Barbara Tversky — the widow of Amos Tversky — confirmed his death to the Associated Press. Tversky, herself a Stanford University emerita professor of psychology ...