The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2002
Daniel Kahneman, Vernon L. Smith
Born: 5 March 1934, Tel Aviv, British Mandate of Palestine (now Israel)
Affiliation at the time of the award: Princeton University, Princeton, NJ, USA
Prize motivation: "for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty"
Field: economic psychology, experimental economics
Contribution: Integrated economic analysis with fundamental insights from cognitive psychology, in particular regarding behavior under uncertainty, thereby laying the foundation for a new field of research.