Daniel KahnemanEvery podcast appearance

In this episode of Choiceology with Katy Milkman , we look at how framing a decision based on what you stand to lose versus what you stand to gain affects your tolerance of risk. Luis Green was a contestant on the popular TV game show Deal or No Deal . The game is largely one of chance, but there are moments during play where the contestant has an option to accept a cash offer to quit. At one point in the game, Luis was offered $333,000 to simply walk away. A guaranteed win! It seems like an obvious choice. But as you’ll hear from the story, there are other factors that influenced his decision. Katy illustrates these factors with a version of a famous experiment. Volunteers are presented with two differently worded but mathematically identical scenarios. A simple shift from framing the scenario as a potential gain to one of potential loss results in starkly different choices from the volunteers. Next, Katy speaks with special guest Daniel Kahneman about the underlying theory that explains human behavior in these types of situations. Daniel Kahneman served as professor of psychology and public affairs emeritus at the Woodrow Wilson School and the Eugene Higgins Professor of Psychology Emeritus at Princeton University . He was awarded the 2002 Nobel Prize in Economics for his pioneering research with Amos Tversky . Their work helped establish the field of behavioral economics. Kahneman also wrote the bestselling book Thinking, Fast and Slow. Finally, Katy speaks with Colin Camerer about some of his favorite studies on risk seeking in the domain of losses, as well as practical approaches for avoiding this less-than-ideal behavior. Colin Camerer is the Robert Kirby Professor of Behavioral Finance and Economics at the California Institute of Technology , where he teaches cognitive psychology and economics. You can read his paper “Prospect Theory in the Wild: Evidence from the Field” here . Choiceology is an original podcast from Charles Schwab. If you enjoy the show, please leave a rating or review on Apple Podcasts . Important Disclosures The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. Data contained herein from third party providers is obtained from what are considered reliable source. However, its accuracy, completeness or reliability cannot be guaranteed and Charles Schwab & Co. expressly disclaims any liability, including incidental or consequential damages, arising from errors or omissions in this publication. All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk including loss of principal. The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. The book How to Change: The Science of Getting from Where You Are to Where You Want to Be is not affiliated with, sponsored by, o

Daniel Kahneman was a titan in social science. He transformed our understanding of decision-making, he taught a generation about social psychology, he won a Nobel prize. It's hard to overstate his influence. He passed away last week, and the field is mourning the loss. Along with the hosts of the podcast Behavioral Grooves , I interviewed Kahneman back in 2021, and we used that interview as a foundation of our podcast series, " They Thought We Were Ridiculous: The Unlikely Story of Behavioral Economics. " I had already been considering releasing the full interview as a standalone episode of Opinion Science, and under the circumstances, it felt like sharing it now was a nice tribute to the man who had contributed so much. I hope listening to this is a comforting and warm reminder of his impact on behavioral science. This isn't a typical Opinion Science episode, though, because the interview was mostly for research and pulling soundbites. We didn't set out for it to be a polished standalone interview. As a result, we go down rabbit holes, get technical, assume shared knowledge, etc. So, I make no promises that you'll follow every moment of the interview if you're not already familiar with Kahneman's work, but it might still be a fun listen anyway. Thanks again to Danny Kahneman for reminiscing about the early days of his career with us. Join me over at Patreon: https://www.patreon.com/OpinionScience Learn more about Opinion Science and catch up on all the episodes at http://opinionsciencepodcast.com/ .

This week: a special episode with Daniel Kahneman. Good judgment is not just an admirable personal quality, it’s a valuable life skill. Nobel Prize winner and renowned author, Professor Daniel Kahneman has spent his life exploring how people make decisions and what are the factors that lead us to make good – or bad - decisions. This podcast is an edited highlight of a conversation with Professor Kahneman and Sandra Peter, including questions from the audience. Sandra Peter (Sydney Business Insights) and Kai Riemer (Digital Futures Research Group) meet once a week to put their own spin on news that is impacting the future of business in The Future, This Week. You can find transcripts, links for the curious and more episodes on our website: https://sbi.sydney.edu.au/noise-and-other-distractions-with-daniel-kahneman/ Listen to our other podcast, The Unlearn Project . You can follow us to keep updated with our latest insights on Flipboard , LinkedIn , Twitter and WeChat . Send us your news ideas to sbi@sydney.edu.au . We read your emails. Music by Cinephonix. See omnystudio.com/listener for privacy information.

On this episode of Stay Tuned , Preet answers listener questions about the New York AG’s report on the sexual misconduct allegations against Governor Andrew Cuomo. Then, Preet interviews renowned psychologist Dr. Daniel Kahneman, winner of the 2002 Nobel Prize in Economics that recognized his groundbreaking research on human rationality. He joins Preet to discuss his newest book, Noise: A Flaw in Human Judgment , co-authored with Olivier Sibony and Cass R. Sunstein. For show notes and a transcript of the episode, head to: https://cafe.com/stay-tuned/a-flaw-in-human-judgment-with-daniel-kahneman/ Don’t miss the bonus for CAFE Insiders, where Kahneman discusses winning the Nobel Prize and whether lucky people exist. As always, tweet your questions to @PreetBharara with hashtag #askpreet, email us at staytuned@cafe.com, or call 669-247-7338 to leave a voicemail. Stay Tuned with Preet is produced by CAFE Studios and the Vox Media Podcast Network. Executive Producer: Tamara Sepper; Senior Editorial Producer: Adam Waller; Technical Director: David Tatasciore; Audio Producer: Matthew Billy; Editorial Producers: Noa Azulai, Sam Ozer-Staton, David Kurlander. Learn more about your ad choices. Visit podcastchoices.com/adchoices

With his book “ Thinking, Fast and Slow ,” Daniel Kahneman emerged as one of the most intriguing voices on the complexity of human thought and behavior. He is a psychologist who won the Nobel Prize in economics for helping to create the field of behavioral economics — and is a self-described “constant worrier.” It’s fun, helpful, and more than a little unnerving to apply his insights into why we think and act the way we do in this moment of social and political tumult. Daniel Kahneman is best known for his book “ Thinking, Fast and Slow .” He’s the Eugene Higgins Professor of Psychology Emeritus at Princeton University, professor of psychology and public affairs emeritus at Princeton’s Woodrow Wilson School, and a fellow of the Center for Rationality at the Hebrew University in Jerusalem. This interview is edited and produced with music and other features in the On Being episode “Daniel Kahneman — Why We Contradict Ourselves and Confound Each Other.” Find more at onbeing.org.

The classic economic theory embedded in western democracies holds an assumption that human beings will almost always behave rationally in the end and make logical choices that will keep our society balanced on the whole. Daniel Kahneman is the psychologist who won the Nobel Prize in Economics for showing that this is simply not true. There’s something sobering — but also helpfully grounding — in speaking with this brilliant and humane scholar who explains why none of us is an equation that computes. As surely as we breathe, we will contradict ourselves and confound each other. Daniel Kahneman received the Nobel Prize in Economics in 2002. He’s best known for his book, Thinking, Fast and Slow and is now releasing a new book, Noise: A Flaw in Human Judgment , written with Olivier Sibony and Cass R. Sunstein. He’s the Eugene Higgins Professor of Psychology Emeritus at Princeton University, Professor of Psychology and Public Affairs Emeritus at the Princeton School of Public and International Affairs, and a fellow of the Center for Rationality at the Hebrew University in Jerusalem. This interview is edited and produced with music and other features in the On Being episode "Daniel Kahneman — Why We Contradict Ourselves and Confound Each Other." Find the transcript for that show at onbeing.org. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Choiceology with Katy Milkman , we look at how framing a decision based on what you stand to lose versus what you stand to gain affects your tolerance of risk. Luis Green was a contestant on the popular TV game show Deal or No Deal . The game is largely one of chance, but there are moments during play where the contestant has an option to accept a cash offer to quit. At one point in the game, Luis was offered $333,000 to simply walk away. A guaranteed win! It seems like an obvious choice. But as you’ll hear from the story, there are other factors that influenced his decision. Katy illustrates these factors with a version of a famous experiment. Volunteers are presented with two differently worded but mathematically identical scenarios. A simple shift from framing the scenario as a potential gain to one of potential loss results in starkly different choices from the volunteers. Next, Katy speaks with special guest Daniel Kahneman about the underlying theory that explains human behavior in these types of situations. Daniel Kahneman is a professor of psychology and public affairs emeritus at the Woodrow Wilson School and the Eugene Higgins Professor of Psychology Emeritus at Princeton University . He was awarded the 2002 Nobel Prize in Economics for his pioneering research with Amos Tversky . Their work helped establish the field of behavioral economics. Kahneman is also the author of the bestselling book Thinking, Fast and Slow. Finally, Katy speaks with Colin Camerer about some of his favorite studies on risk seeking in the domain of losses, as well as practical approaches for avoiding this less-than-ideal behavior. Colin Camerer is the Robert Kirby Professor of Behavioral Finance and Economics at the California Institute of Technology , where he teaches cognitive psychology and economics. You can read his paper “Prospect Theory in the Wild: Evidence from the Field” here . Choiceology is an original podcast from Charles Schwab . For more on the series, visit schwab.com/podcast . If you enjoy the show, please leave a ⭐⭐⭐⭐⭐ rating or review on Apple Podcasts. Important Disclosures: All expressions of opinion are subject to change without notice in reaction to shifting market conditions. The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. (0919-9CT3) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.