Daniel Kahneman author of the well-known book 'Thinking Fast and Slow' had kept his decision private, sharing it only with close friends and family
In an interview given to Moneycontrol earlier, the Nobel Laureate had spoken about the origins of the idea, and how it was shaped and implemented.
Kahneman said it is much easier to change the behaviour of an organisation through structured thinking than changing the thinking of individuals.
The Nobel Laureate reasoned that regretful people were most likely to make the worst mistake an investor can make, of buying high and selling low
In an exclusive interview to Moneycontrol in 2023, the Nobel Laureate explained how he came to formulate the idea of 'inside view' and 'outside view'
In an earlier interaction with Moneycontrol, the Nobel Laureate explained why he chose one approach over the other
Both had strong and opposing views on optimism and pessimism; while Kahneman equated optimism with laziness, he also appreciated the value of laziness
In his last exclusive conversation with Moneycontrol, Kahneman spoke about learnings through his career, decision making and his pioneering work as a psychologist for the Israeli Defence Forces, which is applicable across professions, even today
The Chief Economic Advisor recalled an e-mail exchange between him and Kahneman back in 2012 where the celebrated psychologist praised Nageswaran's review of his book ‘Thinking, Fast and Slow’.
In his works, Daniel Kahneman attempted to debunk the belief that human beings are rational beings who act out of self-interest.
Nobel laureate Daniel Kahneman has died. Kahneman's pioneering work in behavioural economics vastly improved the understanding of human decision-making. Here's is he had to say on risk-taking, losses, future, the need to reflect and more
Beaten down stocks or small-caps can sometimes trounce predictable growth stocks or large-caps