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Monthly Archives: February 2009

How Greenspan’s Framework Went Awry – Daniel Kahneman

Complete video at: Nobel laureate Daniel Kahneman examines Alan Greenspan’s financial framework in light of the current economic crisis. —– Author Nassim Taleb and Nobel Laureate Daniel Kahneman discuss the intricacies of the financial crisis and its far-reaching influence. Looking forward, they offer proposals to remedy the situation and prevent it from ever recurring. – DLD 2009 Daniel Kahneman is Eugene Higgins Professor of Psychology and Professor of Public Affairs Emeritus at Princeton University. He was educated at The Hebrew University in Jerusalem and obtained his PhD in Berkeley. He taught at The Hebrew University, at the University of British Columbia and at Berkeley, and joined the Princeton faculty in 1994, retiring in 2007. He is best known for his contributions, with his late colleague Amos Tversky, to the psychology of judgment and decision making, which inspired the development of behavioral economics in general, and of behavioral finance in particular. This work earned Kahneman the Nobel Prize in Economics in 2002 and many other honors, including the 2006 Thomas Schelling Award given by the Kennedy School at Harvard "to an individual whose remarkable intellectual work has had a transformative impact on public policy", and the Outstanding Lifetime Contribution Award of the American Psychological Association in 2007.