Famous for his explanation of the fourfold pattern of risk attitudes, his most famous collaboration began with a paper on the belief in the law of small numbers.
He changed his mind about the effect of income on happiness, and also on which of decision or experienced utility ought to be maximized. With Lovallo he examined the foibles of entrepreneurship and with Redelmeier he examined dominance violations in the context of colonoscopies. With Snell he showed that people like plain yogurt more than they predict, while with Cass Sunstein he has examined what motivates jury damage awards. Famous for his explanation of the fourfold pattern of risk attitudes, his most famous collaboration began with a paper on the belief in the law of small numbers. Co-discoverer of the availability and representativeness heuristics, this is, FTP, what psychologist who, with Amos Tversky, developed Prospect Theory, the winner of the Nobel Prize in Economics in 2002?
He changed his mind about the effect of income on happiness, and also on which of decision or experienced utility ought to be maximized.
Daniel Kahneman