2024-04-09 07:00:00 ET
Summary
- Renowned psychologist Daniel Kahneman, known for challenging traditional economic assumptions of rationality, passed away at the age of 90.
- Kahneman's work on human decision-making influenced various fields beyond finance, such as organ donation programs and infrastructure project planning.
- One of Kahneman's key findings was the psychological phenomenon of loss aversion, where losses have a bigger impact on individuals than gains.
- Based on this context, I explain my own story and provide my favorite "never sell" dividend growth investments.
Introduction
A Homage To Daniel Kahneman & My Personal Experience
At the end of last month, one of the world's most renowned psychologists passed away.
Mr. Daniel Kahneman, who was a psychologist at Princeton University and winner of the Nobel Prize in economics, died on March 27 at the age of 90.
The first time I came into contact with his works was more than ten years ago when I followed an online Financial Markets course from Wharton business School.
As reported by the Wall Street Journal , Kahneman revolutionized the understanding of human decision-making, as he (and his colleague Amos Tversky) challenged the traditional economic assumption of rationality....
Read the full article on Seeking Alpha
For further details see:
The Ultimate 5: Unveiling My All-Time Favorite Dividend Growth Investments