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Tversky and Kahneman, who are seminal in the field of "biases" in psychology (for lack of a better term), were explicit in their hope of informing the utility f
by inputcoffee 10y ago
Tversky and Kahneman, who are seminal in the field of "biases" in psychology (for lack of a better term), were explicit in their hope of informing the utility functions that economists use to model decision making and well being.
Kahneman famously won the Nobel in economics as a sort of belated acknowledgement. (Belated because Tversky passed away before they got it).
- r00fus 10y agorecommend s/belated/posthumous/
- slavik81 10y agoThat would be incorrect. The Nobel prize is not awarded posthumously.
- bjelkeman-again 10y agoAnd it isn't a Nobel price. It is the "Swedish National Bank's Prize in Economic Sciences in Memory of Alfred Nobel". https://en.m.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences#Controversies_and_criticisms https://en.m.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Econ...
- huherto 10y agoI was confused so I had to check wikipedia. > (Daniel) Kahneman told The New York Times in an interview soon after receiving the honor: "I feel it is a joint prize. We were twinned for more than a decade."