Amos Tversky was an Israeli-American psychologist who, with Daniel Kahneman, developed prospect theory, the descriptive model of decision-making under risk that founded behavioral economics by showing systematically how real choices depart from the rational-actor model neoclassical theory assumed. He taught at Stanford University from 1978 until his death in 1996; because the Nobel Memorial Prize is not awarded posthumously, only Kahneman received the 2002 prize their joint work made possible.
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Amos Tversky
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Their first direct edge to each other on this atlas; both already carry a shared associated-with-school edge to Behavioral Economics and a shared attributed-to edge from Loss Aversion, but nothing joined them directly until now. Co-developed prospect theory (1979) and shared the 2002 Nobel work.
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Additional Source Amos Tversky (Wikipedia)Amos Tversky, Nobel Prize and legacy section
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Tversky and Kahneman co-developed prospect theory (1979); behavioral economics is credited to both, not Kahneman alone.
Source Prospect Theory: An Analysis of Decision under RiskDaniel Kahneman and Amos Tversky
Concepts Originated
Source Prospect Theory: An Analysis of Decision under RiskDaniel Kahneman and Amos Tversky
In the Other Atlases
- Also in Geography Atlas: Israel, nationality there.
Sources
1. Prospect Theory: An Analysis of Decision under Risk
Daniel Kahneman and Amos Tversky, 1979Concepts Originated: Loss Aversion, Section 4Quote, Concepts Originated: Loss Aversion, Section 4
Kahneman and Tversky's 1979 prospect theory paper documented that losses loom larger than equivalent gains in people's decisions under risk.
2. Wikipedia
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Amos Tversky (Wikipedia)
Lead section, birth date
March 16, 1937
Lead section
Amos Nathan Tversky (Hebrew: עמוס טברסקי; March 16, 1937 - June 2, 1996) was an Israeli cognitive and mathematical psychologist and a key figure in the discovery of systematic human cognitive bias and handling of risk.
Associated With: Daniel Kahneman, Amos Tversky, Nobel Prize and legacy section
It is a joint prize. We were twinned for more than a decade.
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