Editing Daniel Kahneman (section)

=== Behavioral economics ===
Kahneman and Tversky both spent the academic year 1977 to 1978 at [[Stanford University]], Kahneman as a fellow at the school's [[Center for Advanced Study in the Behavioral Sciences]] interdisciplinary research lab and Tversky with a visiting appointment at the university's psychology department.<ref name=":8">{{Cite web |date=July 11, 2018 |title=CASBS in the History of Behavioral Economics |publisher= Center for Advanced Study in the Behavioral Sciences |url=https://casbs.stanford.edu/casbs-history-behavioral-economics |access-date=March 13, 2024 |archive-date=March 13, 2024 |archive-url=https://web.archive.org/web/20240313204925/https://casbs.stanford.edu/casbs-history-behavioral-economics |url-status=live }}</ref> [[Richard Thaler]] was a visiting professor at the Stanford branch of the [[National Bureau of Economic Research]] during that same year.<ref name=":8" /> According to Kahneman: "We soon became friends, and have ever since had a considerable influence on each other's thinking."<ref name="NobelPrize Bio 2002" /> Building in part on prospect theory and Kahneman and Tversky's body of work, Thaler published "Toward a Positive Theory of Consumer Choice" in 1980, a paper which Kahneman called "the founding text of behavioral economics".<ref name="NobelPrize Bio 2002" /> Richard Thaler obtained a grant from the [[Russell Sage Foundation]] to spend the academic year 1984 to 1985 with Kahneman at the University of British Columbia.<ref>{{Cite web |title=Daniel Kahneman and Richard Thaler on the Beginning of Behavioral Economics |publisher= RSF www.russellsage.org |url=https://www.russellsage.org/daniel-kahneman-and-richard-thaler-beginning-behavioral-economics |access-date=March 12, 2024 |archive-date=March 12, 2024 |archive-url=https://web.archive.org/web/20240312163343/https://www.russellsage.org/daniel-kahneman-and-richard-thaler-beginning-behavioral-economics |url-status=live }}</ref> Together with Kahneman's friend Jack Knetsch they worked on two papers on fairness and on the endowment effect.<ref>{{Cite web |title=In Remembrance |url=https://www.benefitcostanalysis.org/in-remembrance |access-date=March 12, 2024 |website=www.benefitcostanalysis.org |archive-date=November 11, 2023 |archive-url=https://web.archive.org/web/20231111035543/https://www.benefitcostanalysis.org/in-remembrance |url-status=live }}</ref>

From 1979 to 1986, Kahneman published multiple articles and chapters.<ref name=":5">{{Cite web |title=Publications |url=https://kahneman.scholar.princeton.edu/publications |access-date=March 12, 2024 |website=Daniel Kahneman |language=en |archive-date=March 12, 2024 |archive-url=https://web.archive.org/web/20240312165329/https://kahneman.scholar.princeton.edu/publications |url-status=live }}</ref> Kahneman published one chapter during the years 1987 to 1989.<ref name=":5" /><ref>{{Cite book |last=Kahneman |first=Daniel |date=1988 |volume=314 |editor-last=Tietz |editor-first=Reinhard |editor2-last=Albers |editor2-first=Wulf |editor3-last=Selten |editor3-first=Reinhard |title=Bounded Rational Behavior in Experimental Games and Markets |publisher=Springer |pages=11–18 |doi=10.1007/978-3-642-48356-1_2 |isbn=9783642483561 }}</ref> A few papers on decision making appeared after that hiatus, notably cumulative prospect theory, and an explanation of risk-taking by unrealistic "bold forecasts", but the focus of Kahneman's research from that time was the study of subjective experience.<ref>{{Cite journal |last1=Tversky |first1=Amos |last2=Kahneman |first2=Daniel |date=October 1, 1992 |title=Advances in prospect theory: Cumulative representation of uncertainty |url=https://doi.org/10.1007/BF00122574 |journal=Journal of Risk and Uncertainty |volume=5 |issue=4 |pages=297–323 |doi=10.1007/BF00122574 |issn=1573-0476}}</ref><ref>{{Cite journal |last1=Kahneman |first1=Daniel |last2=Lovallo |first2=Dan |date=1993 |title=Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking |url=https://www.jstor.org/stable/2661517 |journal=Management Science |volume=39 |issue=1 |pages=17–31 |doi=10.1287/mnsc.39.1.17 |jstor=2661517 |s2cid=53685999 |issn=0025-1909 |access-date=March 12, 2024 |archive-date=March 12, 2024 |archive-url=https://web.archive.org/web/20240312163342/https://www.jstor.org/stable/2661517 |url-status=live }}</ref>