Photo from the Nobel Foundation archive.
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."
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.
Prize share: 1/2
See the list of all Nobel Prizes, awarded for "the greatest benefit to mankind."
In his will, Alfred Nobel left 31 million SEK to found the Nobel Prizes.
Medicine Laureate Shinya Yamanaka talks about the importance of taking risks.