Michael Milken - Philanthropist, Financier, Medical Research Innovator, Public Health Advocate

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Philanthropic Career

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Daniel Kahneman, Princeton University received the 2002 Nobel Prize in Economics, the first Nobel Prize awarded with a pure psychology background. Kahneman developed the Prospect Theory, which challenged mainstream economistsí assumptions that people are rational and motivated by self-interest when making financial decisions, suggesting rather that emotions and biases often cause flawed decisions.