Question
Download Solution PDFDaniel Kahneman who died in March 2024 was given Nobel Prize in 2002 for his contribution to
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is option 4.
Key Points
- Daniel Kahneman was a renowned psychologist who received the Nobel Prize in Economic Sciences in 2002. Hence, option 4 is correct.
- He was honored for his pioneering work in behavioral economics, particularly:
- Integrating psychological research into economic science, especially regarding human judgment and decision-making under uncertainty.
- His work with Amos Tversky laid the foundation for prospect theory, which explains how people make choices involving risk and uncertainty.
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