Core Insights - Daniel Kahneman, the 2002 Nobel Prize winner in Economics, significantly contributed to the field of behavioral economics, challenging the traditional notions of rational decision-making in economics [8][9][10] - His work, particularly in collaboration with Amos Tversky, revealed the cognitive biases that affect human judgment and decision-making, such as loss aversion, anchoring effect, and overconfidence [9][10][14] - Kahneman's insights have been utilized in various fields, but he expressed concern that his findings were often exploited by corporations and political entities rather than empowering individuals [14][15] Group 1 - Kahneman's foundational role in behavioral economics established a new understanding of human decision-making, moving away from the "rational agent" model [8] - His research highlighted that human decision-making is influenced by cognitive biases, which often lead to irrational choices [9][10] - Kahneman's work has been instrumental in understanding how people assess risk and make choices under uncertainty, revealing the complexities of human behavior [9][10] Group 2 - Kahneman's early life experiences, including his childhood during the Nazi occupation and service in the Israeli army, shaped his understanding of human behavior under stress and uncertainty [11][12] - His personal struggles with the moral implications of his homeland's actions influenced his academic pursuits and decisions, reflecting the tension between emotional responses and rational thought [13] - The culmination of his life's work and personal experiences led to a profound understanding of the limitations of human rationality, culminating in his decision to end his life on his own terms [15][16]