Enrico M Cervellati

Grazie al Direttore ⁦@acabrini⁩ per l’intervista su come gestire la situazione #coronavirus e far ripartire l’economia a #Ilprezzodelvirus ⁦@classcnbc⁩ #iodiversifico #ioinvestoitaliano ⁦@CaFoscari⁩ ⁦@DeptManagement⁩ video.milanofinanza.it/classcnbc/noti… (minuto 12.12)

(Shhh, don't tell a soul: Just finishing a new book, CLIMATE JUSTICE. Out in early 2025 from MIT Press. A complicated one.)

The Outrage Heuristic. (Relevant to life, politics, business, sports.) papers.ssrn.com/sol3/papers.cf…

This year marks just the 50th anniversary of women being able to hold a credit card in their own name. Lindsey Lewis is on a mission to shine a light on all things women + money + has practical advice for those who want to join. standarddeviationspod.com/episodes/2024/… @orionwealthtech

A nice collection of thoughts by some of the many people who got to know Danny Kahneman over the years. Remembering Daniel Kahneman: A Mosaic of Memories and Lessons behavioralscientist.org/remembering-da… via @behscientist

Worth reading or rereading: The Undoing Project, about Danny Kahneman and Amos Tversky, by the amazing Michael Lewis. It's astonishingly good, and hilarious, and quite moving. amazon.com/Undoing-Projec…

A list of Danny Kahneman's papers on Google Scholar. Includes numerous hidden gems. My personal favorite, I think, remains Judgment Under Uncertainty: Heuristics and Biases (short, action-packed). scholar.google.com/citations?user…

Losing one of the founders of the field I work in this week was incredibly sad. I was glad to have a chance to discuss Danny Kahneman’s legacy on @NPR. I stand by my claim that no reputable economists deny biases exist; in a way, behavioralists have “won”. wbur.org/hereandnow/202…

Wednesday wisdom from Daniel Kahneman (1934-2024):

The Eiffel tower or Taj Mahal. Monuments we don't see everyday but take comfort in knowing the world is better cos of them. Kahneman was the Eiffel for so many in our field. It's like the sun has been switched off! @UofT_BEAR @CassSunstein @geowu @R_Thaler bloomberg.com/news/articles/…

Noise, by Daniel Kahneman et al. (On this day, on every day: My favorite part is Chapter 11, which is all DK.) amazon.com/Noise-Human-Ju…

Nobel Prize winning psychologist, a pioneer in behavioral economics and psychology of judgment and decision-making, dies at age 90. RIP, Daniel Kahneman (1934-2024). 10 timeless wisdom from one of the greatest psychologist in history 🧵

“The responsibility of a society is to reduce misery, not to increase happiness.” RIP Danny Kahneman—a paragon of intellectual integrity, humility, and curiosity tinyurl.com/nsaszumw

Today, we have lost one of the greatest contemporary thinkers. Daniel Kahneman shattered the glass palace of science and became famous worldwide in 2011 with the publication of "Thinking, Fast and Slow”, in which he popularized the dual-process theory. This theory suggests that human decisions arise from a complex interplay between two cognitive systems: one more intuitive and the other more deliberative. Despite many critiques and refinements, this theory remains one of the main reference points for scholars studying human decisions. But this was not Kahneman's only contribution. His 1979 paper in Econometrica, introducing prospect theory, is one of the most cited articles in economics and is one of the main reasons he, a psychologist, was able to win the Nobel Prize in Economics. In this paper, Kahneman and Tversky introduce a utility function aimed at explaining how people make decisions under risk. Personally, I found this article to be one of the most inspiring I have ever read. The day I read it, I understood that human behavior could be captured through a mathematical formula. I was a pure mathematician at the time, now I study human decisions. In another article from 1986, Kahneman, Knetsch, and Thaler introduced an economic game that later became known as the “dictator game”, which has become the official measure of human altruism. The game is very simple: you have 10 dollars and the recipient has nothing. You can give any amount to the receiver, ranging from 0 to 10. The recipient is passive and only gets what you decide to give. How much would you give? But this is not even the tip of the iceberg. Any summary of his work would inevitably be incomplete. I have just gone on his Google Scholar page. His work has more than half a million citations! He reshaped psychology and economics by inventing entirely new fields of research.

Here’s an old shot from an ⁦@SJDMOfficial⁩ conference dinner in 2015 after Leif interviewed Danny. ⁦⁦@R_Thaler⁩ I think you must have taken this because you were sitting between Craig and Danny that night. I remember good food, good wine, and outstanding company.

Remembering Danny Kahneman today. RIP and thank you.

A cherished photo from the writing of NOISE, with Danny bemused and all-seeing.

Daniel Kahneman passed away today He changed the world of behavioral finance Here are 10 things I learned from his book Thinking Fast and Slow as a way to say thank you:

The world is not the same without this brilliant mind in it, but I will miss his big heart even more

2002 economic sciences laureate Daniel Kahneman has passed away aged 90. He was awarded the prize for integrating insights from psychology into economics, especially human judgement and decision-making under uncertainty. Learn about his life and work: bit.ly/2NTewKs