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Daniel Kahneman, one of the founders of behavioral economics, dies

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Israeli-American psychologist and economist, Nobel Prize winner in economics Daniel Kahneman has died at the age of 90. The death was reported to journalists by his daughter, the Washington Post writes, UNN reports.

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He was a professor emeritus of psychology at Princeton University in the United States and is widely recognized as one of the greatest thinkers of our time.

Kahneman's 2011 bestseller, Thinking, Fast and Slow, summarizes his research and compares it to Charles Darwin's Origin of Species.

Kahneman was one of the founders of behavioral economics, a field that studies the influence of social, cognitive, and emotional factors on economic decision-making.

In 2002, Kahneman received the Nobel Prize in Economics "for the application of psychological methods to economic science, especially in the study of judgment and decision-making under uncertainty.

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