Farewell Daniel Kahneman: “homo economicus” the “economic man” no rational being who acts out of self-interest

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This is one passing that deserves attention. This man challenged so much that was accepted as scripture. His research changed the way people in many fields looked at their work, their assumptions, their 'facts.'

I loved his work, his public appearances, His debunking the 'rational man' that people like Ayn Rand held up as realistic entities, rather than the myths they were.


Daniel Kahneman, an Israeli-American psychologist and best-selling author whose Nobel Prize-winning research upended economics — as well as fields ranging from sports to public health — by demonstrating the extent to which people abandon logic and leap to conclusions, died March 27. He was 90.

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Dr. Kahneman’s research was best known for debunking the notion of “homo economicus,” the “economic man” who since the epoch of Adam Smith was considered a rational being who acts out of self-interest. Instead, Dr. Kahneman found, people rely on intellectual shortcuts that often lead to wrongheaded decisions that go against their own best interest.

These misguided decisions occur because humans “are much too influenced by recent events,” Dr. Kahneman once said. “They are much too quick to jump to conclusions under some conditions and, under other conditions, they are much too slow to change.”

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www.washingtonpost.com

 

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This is one passing that deserves attention. This man challenged so much that was accepted as scripture. His research changed the way people in many fields looked at their work, their assumptions, their 'facts.'


Daniel Kahneman, an Israeli-American psychologist and best-selling author whose Nobel Prize-winning research upended economics — as well as fields ranging from sports to public health — by demonstrating the extent to which people abandon logic and leap to conclusions, died March 27. He was 90.

...

Dr. Kahneman’s research was best known for debunking the notion of “homo economicus,” the “economic man” who since the epoch of Adam Smith was considered a rational being who acts out of self-interest. Instead, Dr. Kahneman found, people rely on intellectual shortcuts that often lead to wrongheaded decisions that go against their own best interest.

These misguided decisions occur because humans “are much too influenced by recent events,” Dr. Kahneman once said. “They are much too quick to jump to conclusions under some conditions and, under other conditions, they are much too slow to change.”

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www.washingtonpost.com

Daniel Kahneman, Nobel-winning economist, dies at 90

He found that people rely on shortcuts that often lead them to make wrongheaded decisions that go against their own best interest.

web.archive.org

 

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This is one passing that deserves attention. This man challenged so much that was accepted as scripture. His research changed the way people in many fields looked at their work, their assumptions, their 'facts.'

I loved his work, his public appearances, His debunking the 'rational man' that people like Ayn Rand held up as realistic entities, rather than the myths they were.


Daniel Kahneman, an Israeli-American psychologist and best-selling author whose Nobel Prize-winning research upended economics — as well as fields ranging from sports to public health — by demonstrating the extent to which people abandon logic and leap to conclusions, died March 27. He was 90.

...

Dr. Kahneman’s research was best known for debunking the notion of “homo economicus,” the “economic man” who since the epoch of Adam Smith was considered a rational being who acts out of self-interest. Instead, Dr. Kahneman found, people rely on intellectual shortcuts that often lead to wrongheaded decisions that go against their own best interest.

These misguided decisions occur because humans “are much too influenced by recent events,” Dr. Kahneman once said. “They are much too quick to jump to conclusions under some conditions and, under other conditions, they are much too slow to change.”

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www.washingtonpost.com

Thinking Fast and Slow should be required reading in Middle School

 

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Thinking Fast and Slow should be required reading in Middle School

quote:
In the highly anticipated Thinking, Fast and Slow, Kahneman takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think.

System 1 is fast, intuitive, and emotional;

System 2 is slower, more deliberative, and more logical.

Kahneman exposes the extraordinary capabilities—and also the faults and biases—of fast thinking, and reveals the pervasive influence of intuitive impressions on our thoughts and behavior. The impact of loss aversion and overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the challenges of properly framing risks at work and at home, the profound effect of cognitive biases on everything from playing the stock market to planning the next vacation—each of these can be understood only by knowing how the two systems work together to shape our judgments and decisions.

Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Thinking, Fast and Slow will transform the way you think about thinking.

Thinking, Fast and Slow

In the highly anticipated Thinking, Fast and Slow, Kahn…

www.goodreads.com

 

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Daniel Kahneman wants you to doubt yourself. Here’s why | The TED Interview​

TED Audio Collective

 

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Richard Thaler - Wikipedia

en.wikipedia.org