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Daniel Kahneman

Psychologist; laureate of the Sveriges Riksbank Prize in Economic Sciences, 2002

Israel / United States · 1934–2024

Psychologist at Princeton University who studied judgement and decision-making under uncertainty, largely in collaboration with Amos Tversky. Awarded the 2002 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Born in Tel Aviv and raised in occupied France.

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Question How has a failure, or apparent failure, set you up for later success? Do you have a favourite failure?

I got quite nice results in my one-question studies, but never wrote up any of the work, because I had set myself impossible standards: in order not to pollute the literature, I wanted to report only findings that I had replicated in detail at least once, and the replications were never quite perfect. I realized only gradually that my aspirations demanded more statistical power and therefore much larger samples than I was intuitively inclined to run. This observation also came in handy some time later.

Recorded Laureate-written autobiography for Les Prix Nobel, Nobel Prize Outreach, 1 December 2002 source ↗

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