Amos Tversky
Amos Tversky (March 16, 1937 – June 2, 1996) was an Israeli-American cognitive psychologist whose empirical research on human judgment and decision-making under uncertainty revealed systematic cognitive biases and challenged assumptions of rational behavior in economics and related fields.[1][2]
In collaboration with Daniel Kahneman, Tversky co-developed the heuristics and biases research program, identifying mental shortcuts such as availability and representativeness that lead to predictable errors in probabilistic reasoning.[2] Their seminal 1979 paper introduced prospect theory, which posits that people evaluate potential gains and losses asymmetrically relative to a reference point, exhibiting loss aversion and diminishing sensitivity—empirically refuting expected utility theory as a descriptive model of choices under risk.[3]
Tversky's work extended to framing effects, where identical options yield different decisions based on presentation, influencing applications in policy, law, and medicine.[2] A professor at Stanford University from 1978 and holder of the Davis-Brack Professor of Behavioral Sciences chair, he earned the American Psychological Association's Distinguished Scientific Contribution Award in 1982 and a MacArthur Fellowship in 1984 for advancing understanding of intuitive processes in decision-making.[4][2]