Risk is often misunderstood because it is filtered through human perception rather than facts.
Meaning
Risk perception differs from reality.
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About the author
(1934–2024) was an Israeli-American psychologist and Nobel laureate known for his work on behavioral economics and decision-making. His research challenged traditional economic theories by showing how human decisions are often influenced by cognitive biases. Kahneman’s book "Thinking, Fast and Slow" explains the dual systems of thought that shape our judgments. His collaboration with Amos Tversky revolutionized the understanding of risk and uncertainty. Kahneman’s insights have influenced economics, psychology, and public policy. His work continues to guide how individuals and organizations approach decision-making and human behavior.
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