(NationRise.com) – Pioneering psychology scholar and Nobel Prize winner in economics, Daniel Kahneman, died on March 28 at the age of 90. The Israel-American won the prestigious prize in 2002 for his work applying psychology to numerous economic analyses.
In a statement, Princeton University’s Kahneman-Treisman Center for Behavioral Science and Public Policy announced his death and detailed that he “died peacefully.” The center didn’t provide a cause of death and didn’t detail the location where Kahneman died.
Princeton’s behavioral science and public policy professor Eldar Shafir said in the statement that Kahneman’s death was a great loss for science as he was not only a “giant in the field” but also a brilliant man and a “Princeton star.” Shafir added that the pioneering psychology scholar was a great friend who had a deep love for his family. He also said that the world will miss Kahneman as he was the one who introduced numerous concepts in the social sciences that didn’t exist before his investigations and discoveries.
According to the Nobel Prize website, Kahneman was born in Israel back in 1934 and had to live the horrors of Nazism, as he was living in France when Germany’s Third Reich occupied it. While he said in some interviews he feared for his life, Kahneman managed to escape to Palestine while it was under British mandate.
He started his most serious work back in the 1960s along with his longtime colleague Amos Tversky. Many reports explained that between 1971 and 1981, they wrote eight journals, with Kahneman admitting that these had more importance than any of the works and projects they did individually.
The Nobel Prize website detailed that Kahneman’s main focus was to examine the link between the act of making decisions under uncertainty and cognitive psychology, giving birth to the new branch of economics named prospect theory. In addition to winning the Nobel Prize in economics, Kahneman also received multiple awards, including the Presidential Medal of Freedom in the United States back in 2013.
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