Mikemilken.com  |  Philanthropic Career  |  The Milken Institute  »  Daniel Kahneman speaks at Global Conference

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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 economists’ assumptions that people are rational and motivated by self-interest when making financial decisions, suggesting rather that emotions and biases often cause flawed decisions.