Daniel Kahneman has passed away. A Nobel Prize laureate, he played a pivotal role in bridging the gap between psychology and economics. His passing deeply saddens me. That is the reason for this reflection.
Even though I never had the privilege of meeting him, the years I spent during my doctoral research studying his Prospect Theory will always stay with me. I vividly remember the day I first encountered the paper that ignited more than a passing interest. It was an exceedingly hot summer, and I sought solace in the countryside of southern Italy. I recall spending my afternoons beneath the shade of a tree on a breezy hillside, utterly captivated by the elegance of a theory that illuminated my path. I then devoted hours, days, weeks, months, and years to reading everything he had written and said.
I bid farewell to a titan whose insights guide me each time I step into the classroom to discuss with my students the significance of concepts like loss aversion and whenever I delve into research on the decision-making processes of startup investors. A sad day that, like a circle, closes here, beneath that tree on a hill in southern Italy, where I was lucky to meet him for the first time.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://thisisoliver.co/2024/03/28/the-loss-aversion/
