In the 1970s, psychologists Daniel Kahneman and Amos Tversky conducted experiments on how people make judgments under uncertainty and identified cognitive biases, which are mental shortcuts or distortions that deviate from purely logical thinking.

Authors

• Person: Not available Organization: Verified Investing
  Behavioral Economics: Everyday Biases That Shape Money Choices

Sources

• Behavioral Economics: Everyday Biases That Shape Money Choices verifiedinvesting.com Verified Investing via serper

Referenced by nodes (3)

• cognitive bias concept
• Daniel Kahneman entity
• Amos Tversky entity