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=== Judgment and decision-making === Kahneman's lengthy collaboration with [[Amos Tversky]] began in 1969, after Tversky gave a guest lecture at one of Kahneman's seminars at Hebrew University.<ref name="NobelPrize Bio 2002"/> Their first jointly written paper, "Belief in the Law of Small Numbers," was published in 1971. They published seven journal articles in the years 1971 to 1979. They flipped a coin to determine whose name would appear first on their initial paper and alternated thereafter.<ref>{{cite news |last1=Leonhardt |first1=David |title=From Michael Lewis, the Story of Two Friends Who Changed How We Think About the Way We Think |url=https://www.nytimes.com/2016/12/06/books/review/michael-lewis-undoing-project.html |work=The New York Times |date=December 6, 2016 |url-access=subscription |access-date=March 16, 2024 |archive-date=March 15, 2024 |archive-url=https://web.archive.org/web/20240315184840/https://www.nytimes.com/2016/12/06/books/review/michael-lewis-undoing-project.html |url-status=live }}</ref> Their article "Judgment Under Uncertainty: Heuristics and Biases" introduced the notion of [[anchoring (cognitive bias)|anchoring]]. Kahneman and Tversky spent an entire year at an office in the Van Leer Institute in Jerusalem, writing this paper. They spent more than three years revising an early version of [[prospect theory]] that was completed in early 1975. The final version was published in 1979 in ''[[Econometrica]]'', the leading economic journal at the time.<ref name=":0" /> That paper became the most cited in economics. Its success was due to its synthesis of ideas and results discussed at the time about economic behavior under risk in a simple model, whose predictions were systematically supported by psychological experiments. The pair also teamed with [[Paul Slovic]] to edit a compilation entitled ''Judgment Under Uncertainty: Heuristics and Biases'' (1982) that was a summary of their work and of other recent advances that had influenced their thinking. Kahneman was ultimately awarded the [[Nobel Memorial Prize in Economics]] in 2002 "for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty".<ref>{{Cite web |title=Daniel Kahneman |url=https://www.econlib.org/library/Enc/bios/Kahneman.html |access-date=March 13, 2024 |publisher=Econlib |archive-date=November 12, 2023 |archive-url=https://web.archive.org/web/20231112033828/https://www.econlib.org/library/Enc/bios/Kahneman.html |url-status=live }}</ref> In the introduction of ''[[Thinking, Fast and Slow]]'', Kahneman acknowledges and shares that "our collaboration on judgment and decision making was the reason for the Nobel Prize that I received in 2002, which [[Amos Tversky]] would have shared had he not died, aged fifty-nine, in 1996".<ref>{{Cite book |last=Kahneman |first=Daniel |title=Thinking, Fast and Slow |publisher=Doubleday Canada |year=2011 |isbn=978-0-385-67651-9 |pages=10 |language=English}}</ref> Kahneman left Hebrew University in 1978 to take a position at the [[University of British Columbia]].<ref name="NobelPrize Bio 2002"/> In 2021, Kahneman co-authored a book with [[Olivier Sibony]] and [[Cass Sunstein]], titled ''[[Noise: A Flaw in Human Judgment]].''<ref>{{Cite book |last1=Kahneman |first1=Daniel |title=Noise: A Flaw in Human Judgment |last2=Sibony |first2=Olivier |last3=Sunstein |first3=Cass |date=May 16, 2021 |publisher=Little, Brown Spark |isbn=9780008308995 |pages=37β38 |oclc=1242782025 }}</ref> The Harvard psychologist and author [[Steven Pinker]] said of Kahneman that: "His central message could not be more important, namely, that human reason left to its own devices is apt to engage in a number of fallacies and systematic errors, so if we want to make better decisions in our personal lives and as a society, we ought to be aware of these biases and seek workarounds. That's a powerful and important discovery."<ref>{{Cite news |last=Jr |first=Robert D. Hershey |date=March 27, 2024 |title=Daniel Kahneman, Who Plumbed the Psychology of Economics, Dies at 90 |url=https://www.nytimes.com/2024/03/27/business/daniel-kahneman-dead.html |access-date=March 29, 2024 |work=The New York Times |issn=0362-4331 |archive-date=March 27, 2024 |archive-url=https://web.archive.org/web/20240327153103/https://www.nytimes.com/2024/03/27/business/daniel-kahneman-dead.html |url-status=live }}</ref>
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